Case Study: Proformex achieves flexible growth financing with River SaaS Capital

Proformex secures $1 million venture debt from River SaaS Capital

Proformex, a SaaS company providing a life insurance servicing platform, sought venture debt financing to support its equity funding, maintain growth momentum, and keep its overall cost of capital low. The company turned to its existing equity investor, River SaaS Capital, for a solution.

River SaaS Capital provided a flexible $1 million venture debt facility with a 36-month interest-only period tailored to Proformex's needs. This solution allowed Proformex to cover its cash burn and ramp up enterprise growth without changing its banking relationships. The pre-existing relationship streamlined the process, leading to a simple closing. As a result, Proformex successfully implemented a new sales initiative and hired key development staff to build its enterprise pipeline.

Proformex