TIMIA closes $2 Million Financing for BasicGov
~ Cloud-based Government Operations Management Platform selects TIMIA for flexible growth capital ~
VANCOUVER, BC – March 4, 2019 – BasicGov announced today that it has entered into a 3-year, $2 million investment facility from Vancouver-based TIMIA Capital.
The team at TIMIA offered a solution that was the right fit for us,” said Mike Togyi, CEO of BasicGov. “Finding non-dilutive ways to finance our growth is not easy in the SaaS sector. We look forward to working with TIMIA over the course of our financing facility with them.”
BasicGov offers cloud-based government solutions for licensing, inspections, planning, permitting, code enforcement, fund accounting, and payment and billing management.
“BasicGov has built a much-needed government solution on the Salesforce.com platform and we’re excited to watch it grow,” said Greg Smith, CIO of TIMIA. “We’re providing flexible growth capital to help them accelerate their revenue growth. It is an honour that BasicGov chose TIMIA to support them on their path to increasing the adoption of the solution in their target market and accelerating the growth in revenue.”