Timia Capital to invest $2-million in Vonigo Software Timia Capital to invest $2-million in Vonigo Software
2018-05-10 11:58 ET - News Release
Mr. Mike Walkinshaw reports
TIMIA CAPITAL EXPANDS INVESTMENT PORTFOLIO WITH $2 MILLION FINANCING FOR VONIGO SOFTWARE
Timia Capital Corp. has arranged a $2-million investment facility for Vonigo Software Ltd. of Vancouver, B.C. The financing facility includes an initial disbursement of $700,000 and a further $1.3-million to be disbursed upon certain milestones being met over the term of the agreement.
"This capital infusion supports Vonigo's growth plans while expanding Timia's portfolio of investments and related revenue," said Greg Smith, chief investment officer of Timia. "Our unique revenue-based financing solution allows the entrepreneur to maintain control over their company and destiny while providing the right capital at the right time to grow."
Timia is continuously seeking new and exciting investments in the software-as-a-service (SaaS) industry. The company expects to make further investments in the coming months in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.