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Boardwalktech secured $US4.0 million Line-of-Credit facility with Celtic Bank for growth-stage needs

Apr 01, 2024over 1 year ago

Amount Raised

$4 Million

Round Type

seed

Cupertino

Investors

Celtic Bank

Description

Boardwalktech Software Corp has secured a three-year $US4.0 million Line-of-Credit facility with Celtic Bank to address working capital needs for growth, including the expansion of recurring revenue. The proceeds of this facility are expected to be used for sales and marketing expenditures, working capital requirements, and to enhance the balance sheet to drive new business.

Company Information

Company

Boardwalktech Software

Location

Cupertino, California, United States

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers