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Herter & Co. advises stealth mode start-up on venture debt financing transaction

By 28. December 2021No Comments

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.