~Co-Investment grows as investors seek access to TIMIA’s SaaS portfolio and yield~
VANCOUVER, BC, June 27, 2018 – TIMIA Capital Corporation (TSX-V:TCA) (“TIMIA” or the “Company”) today announced the closing of $750K in non-dilutive capital through the Company’s Co-Investor platform. The additional capital brings TIMIA’s cash balance to over $5.5 million and increases its capacity to provide revenue-based financing solutions to private software as a service companies.
TIMIA’s Co-Investor platform allows qualified investors to purchase a specified percentage of future cash flows from TIMIA’s current portfolio companies. As a result, TIMIA is able to leverage the increase in non-dilutive capital while retaining a portion of the investment, 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.
“The combination of monthly payments and periodic exits from our portfolio of SaaS companies have delivered great returns for our Co-Investors,” said Mike Walkinshaw, CEO of TIMIA. “As a result, we’ve been very fortunate in the level of interest and subsequent investment from both existing and new investors.”
The Co-Investor’s yield will depend on 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 $13.5 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
Vice President, Capital Markets & Communications
TIMIA Capital Corporation
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.