~First Institutional Investor Returns for Additional Investment~
VANCOUVER, BC, June 13, 2018 – TIMIA Capital Corporation (TSX-V:TCA) (“TIMIA” or the “Company”) today announced the closing of $1 Million in non-dilutive capital through the Company’s Co-Investor platform. The Toronto-based institutional investor had previously invested $1.5 million in TIMIA’s underlying portfolio of private software companies bringing their total commitment as a Co-Investor to $2.5 Million since January of this year.
TIMIA’s Co-Investor platform allows qualified investors to purchase a specified percentage of future cash flows from TIMIA’s current portfolio companies, thereby increasing the amount of non-dilutive capital available to the Company, and creating accretive value for shareholders. As part of TIMIA’s active management process, TIMIA will retain control, title and security position over the underlying portfolio investments.
“We have generated positive returns for this investor through the combination of payments from our underlying portfolio and successful exits from a portion of our investments,” said Mike Walkinshaw, CEO of TIMIA. “We appreciate their support through the expansion of their investment.”
The Co-Investor’s yield will fluctuate relative to the performance of the underlying investments. TIMIA focuses on the software as a service (or SaaS) industry and the Company’s assets have grown from approximately $6 Million to more than $12.5 million in the last twelve months, both deployed in investments and in cash. TIMIA has made eleven investments into private software companies since inception in 2015, and has successfully exited four of them, providing a combination of monthly yield and periodic gains.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA’s singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com
For more information, please contact:
Mike Walkinshaw, CEO
Darren Seed
Vice President, Capital Markets & Communications
TIMIA Capital Corporation
(604) 398-8839
IR@timiacapital.com
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