HomeUSARiver SaaS Capital Launches USD50M Equity Fund

River SaaS Capital Launches USD50M Equity Fund

River SaaS Capital

River SaaS Capital, a Cleveland, OH-based provider of alternative venture financing to growing software-as-a-service (SaaS) businesses, announced a new $50m equity fund.

TruWest Fund I will invest in US-based B2B software-as-a-service businesses acting as a continuum of capital for high potential companies in River SaaS Capital’s venture debt portfolio.

This equity fund is the next step in River SaaS Capital’s investing strategy. In 2015, they launched as a provider of alternative venture financing to early-stage SaaS companies throughout the U.S.

They offer fast, flexible financing solutions, typically providing non-dilutive, revenue-based financing to qualified new borrowers in 36-48 month term loans. With the success of the venture debt fund, the team then started making direct equity investments in select portfolio companies in 2019. Now, with both River SaaS Capital’s venture debt offerings and equity capabilities, they’ll be able to offer multiple capital options to their portfolio at scale.

The firm is led by Wendy Jarchow, Chief Investment Officer.

VCWire

06/05/2024