• Greenwave Systems

  Participated · Debt Financing · Jan 2016

  Greenwave Systems is an Irvine, CA-based global IoT software and managed services provider whose core product is the AXON Platform used in next-generation IoT systems, routers, video and wireless products. The company intends to use the new funding to accelerate global expansion, increase and diversify its pipeline of strategic accounts, and expand into mobile infrastructure for M2M solutions. Greenwave raised $45m in a two-phase Series C and secured a $15m mezzanine facility from BDCA as part of the financing. The first phase was led by EDBI, while Singapore Technologies Telemedia (STT) invested in the second, majority portion; existing investors The Westly Group and E.ON also contributed and nominees of EDBI and STT joined the board. Greenwave has over 240 employees worldwide, recently opened an R&D center in Singapore and an office in San Jose, and added major new customers. It has strengthened its business relationship with Verizon, which is shipping the FiOS Quantum Gateway that Greenwave helped develop.

• CPXi

  Led · Equity · Mar 2014

  CPXi provides programmatic creative and programmatic media technology and services across display, social, mobile and video. It operates four primary divisions: bRealTime (programmatic demand- and supply-side solutions), Simplixity (full-service media execution), Affiture (affiliate performance network) and AdReady (self-serve programmatic creative and media placement). Led by CEO Mike Seiman and president Jeff Hirsch, the company serves brands, agencies and direct marketers with multi-screen messaging. CPXi closed a $30M funding round provided by Business Development Corporation of America and said it will use the proceeds to grow its platform and for general corporate purposes. The company also expanded its board with Nick Pahade and Janet Balis joining. The article does not disclose revenue, user metrics, past rounds or a founding year.

• World Business Lenders

  Led · Equity · Oct 2013

  World Business Lenders is a NYC-based lender that provides short-term, flexible commercial loans and working capital to small businesses for needs such as temporary cash-flow gaps, equipment purchases, and time-sensitive inventory. The company is led by founder and CEO Doug Naidus. It secured $25m in combined financing, consisting of $20m in debt financing and a $5m equity round. The equity round included a $3.75m investment by Business Development Corporation of America (BDCA); BDCA also led the credit facility, which included participation from the company’s current lender, Harvest Capital Credit Corporation. The equity portion was raised from accredited investors. World Business Lenders recently began scaling its sales workforce and leased additional space at its Times Square headquarters and intends to use the financing to further expand its resources.

No current team members are available.