Herter & Co. advises stealth mode start-up on venture debt financing transaction
Herter & Co. has advised a stealth mode start-up on its maiden debt transaction. The debt financing process was executed in parallel to an oversubscribed equity round.
Equity and debt proceeds of > USD20m are provided by industry leading US based venture finance firms that have previously invested in highly successful start-ups such as Facebook and Revolut.
The start-up pursues an aggregator business model and funds will be applied towards an aggressive expansion strategy.
Herter & Co. acted as Sole Debt Advisor on the transaction.