Yipit, LLC secured a senior syndicated debt commitment led by CIBC Innovation Banking
Jun 12, 2024•about 1 year ago
Investors
Norwest Venture PartnersCarlyle (Nasdaq: Cg)
Description
CIBC Innovation Banking acted as the lead arranger and an administrative agent on a debt facility for Yipit, LLC. The company took this opportunity to reduce borrowing costs and to provide flexibility to support their strategy.
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