• Intersections

  Led · Debt Financing · Mar 2016

  Intersections operates identity-protection services under its Identity Guard brand and develops Voyce, a pet wellness monitoring system through its i4C Innovations subsidiary. Voyce Pro Wellness Monitoring Program provides biometric data and insights to veterinarians and pet owners and is being prepared for market launch. The company completed a $7.5 million private placement of 3.0 million common shares and a $20 million three-year term loan, actions meant to fund Voyce’s market launch and general corporate purposes. Up to $15 million of the term loan may be used for Voyce’s market launch; the remainder supports Identity Guard and other businesses. The term loan restricts additional Voyce funding to cash from operations or third-party equity directly into Voyce, subject to credit-agreement limitations. Intersections is headquartered in Chantilly, Virginia and was founded in 1996.

• Zebit

  Led · Debt Financing · Jul 2013

  Zebit is a San Diego, CA-based e-commerce marketplace and custom credit provider led by President & CEO Marc Schneider. The company offers underserved consumers up to $5,000 of interest-free credit alongside a marketplace of millions of brand-name products. Zebit is building data-science-driven underwriting models at registration and at the point of sale, while developing new financing solutions. It is also expanding its e-commerce assortment to create a fully integrated e-commerce and financial brand for everyday purchases. The company intends to use newly raised capital to continue to scale and expand its reach. Zebit operates a payment platform that provides zero-percent interest credit with no fees, penalties, or credit checks, usable in the Zebit Market or at retailers that accept Zebit at checkout. Within the Zebit Market customers can finance thousands of brand-name products over time, sold at competitive retail prices and never above MSRP. The platform hosts products from brands including Panasonic, Samsung, Canon, Garmin, HP, LG Electronics, KitchenAid, Cuisinart, Hoover and Coleman. Zebit’s offering is available to participating employers with workforces ranging from 1,000 to over 100,000 employees and the company has commitments from employers representing 250,000 employees to offer the benefit in 2016; it also has a relationship with a $100 million electronics retailer. Led by co-founders Michael Thiemann (CEO) and Marc Schneider (COO), the company plans to use new capital to support receivables, operations, and expansion of its payment and e-commerce platforms. The article reports a $10m Series A raise to support those operational and growth initiatives. Zebit, operated by Global Analytics in San Diego, develops lending and underwriting software used by banks. Its products enable customers to offer short-term loans, lines of credit, and secured and unsecured credit. The company also operates a lending business in the UK and plans to expand into other markets. Zebit's software aims to bridge the gap between payday loans and traditional bank credit. Financially, Zebit last raised $25M in venture funding in May of the prior year and has now secured additional debt financing, bringing total capital raised to $95M. The company is venture-backed by Mohr Davidow, Crosslink Capital, Leapfrog Ventures, and QED Investors. Zebit is a platform-as-a-service that applies big data and Adaptive Data Fusion to underwrite financial transactions on a per-transaction basis. The platform supports end-to-end micro-lending workflows and is designed for partners such as online retailers to serve customers with limited access to credit. Zebit reports having completed over one million transactions and an initial UK launch market described as a profitable $50+ million business. The company emphasizes real-time model regeneration and transaction-level risk assessment to improve underwriting accuracy and pass savings to responsible customers. The team includes pioneers of real-time analytics and fraud detection systems (including developers of FICO’s Falcon® system). Zebit is a brand of Global Analytics Holdings and was launched in 2011.

• American Apparel

  Led · Debt Financing · Mar 2012

  American Apparel is a Los Angeles-based clothing chain that designs and manufactures apparel. The company reached a deal with investment firm Standard General to receive up to $25 million to bolster its finances. The pact is intended to help pay off a $10 million loan from investment firm Lion Capital. The agreement triggers a major board shakeup: five of seven directors, including founder and former CEO Dov Charney, will voluntarily step down and be replaced largely by directors selected by Standard General. The deal creates an independent board committee to oversee an investigation into alleged misconduct by Charney; under the terms Charney is suspended from board and leadership roles and will serve only as a strategic consultant during the probe. The company also affirmed its commitment to maintaining its manufacturing headquarters in Los Angeles. American Apparel is a Los Angeles-based apparel retailer known for its hipster customer base and racy advertising, and has faced criticism over its "Teenagers Do It Better" T-shirts. The company operates a Los Angeles factory where, less than a year ago, a worker died while trying to fix a knitting machine. CEO Dov Charney has been accused on multiple occasions of sexual harassment by former employees. American Apparel has struggled to avoid bankruptcy since 2010 and has endured a series of scandals that undermined its reputation. Financially, Crystal Financial — a Boston firm of which billionaire George Soros is the top investor — is set to extend an $80 million credit line to the company. Despite the troubles, sales rose 13 percent year-over-year last month, according to MarketWatch, amid reports the company has cracked down on shoplifting that may have alienated its core customers.

No current team members are available.