Flow Capital Announces a US$5.0M Loan to Tech-Enabled Marketplace of Co-living Spaces
July 03 2024 - 7:30AM
Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a
leading provider of flexible growth capital, is pleased to announce
the closure of a US$5.0M senior note investment in a US-based
tech-enabled marketplace of flexible co-living spaces, with a first
tranche advance of US$3.0M.
Flow Capital stays committed to helping
high-growth companies achieve their goals by providing fast and
flexible access to growth capital. The company's founder-friendly
financing solutions are minimally dilutive and covenant-light,
enabling high-performance companies to focus on accelerate growth,
expand into new markets, and achieve long-term success.
Businesses seeking financial support to scale
their operations are encouraged to apply for funding at
www.flowcap.com/apply.
About
Flow Capital
Flow Capital Corp. is a Canadian-based, publicly
listed venture debt lender dedicated to supporting high-growth
companies. Since its inception in 2018, the company has provided
financing to businesses in the US, the UK, and Canada, helping them
achieve accelerated growth without the dilutive impact of equity
financing or the complexities of traditional bank loans. Flow
Capital focuses on revenue-generating, VC-backed, and founder-owned
companies seeking $3 to $7 million in capital to drive their
continued expansion. For more information, visit
www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta Chief Executive Officer alex@flowcap.com
47 Colborne Street, Suite 303 Toronto, Ontario M5E 1P8
Forward-Looking Information and Statements
Certain statements herein may be
“forward-looking” statements that involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Flow or the industry to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Forward looking statements involve significant risks
and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether or not such results will be achieved. A
number of factors could cause actual results to vary significantly
from the results discussed in the forward-looking statements. These
forward-looking statements reflect current assumptions and
expectations regarding future events and operating performance and
are made as of the date hereof and Flow assumes no obligation,
except as required by law, to update any forward-looking statements
to reflect new events or circumstances.
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