Boardwalktech secured $US4.0 million Line-of-Credit facility with Celtic Bank for growth-stage needs
Apr 01, 2024•over 1 year ago
Amount Raised
$4 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers