Dealer Alchemist secures $3 million in bridge financing from Porter Capital to address funding challenges following a business acquisition. This debt financing aims to support the company's transition to a new bank line of credit.
Mar 20, 2025•4 months ago
Amount Raised
$3 Million
Round Type
seed
Description
Porter Capital has provided a strategic $3 million credit facility to Dealer Alchemist, an automotive advertising technology firm based in Colorado. The company faced unexpected funding challenges after acquiring another business, which altered its eligibility for existing financing options. This bridge financing is intended to help Dealer Alchemist navigate its financial transition. The firm is recognized among the top 3% of all Google advertising partners for 2025.