SANTA ROSA, Calif.--(BUSINESS WIRE)--VisiQuate, Inc. announced today that it now has access to significant capital to drive its strategic growth initiatives. This new funding represents both increased availability from CIBC Bank USA, based in Chicago, as well as a new mezzanine financing from the Structured Capital Group of Level Equity, a New York private investment firm. These financings provide VisiQuate access to up to $10 million of incremental capital over the next 5 years. Proceeds will be used to accelerate client acquisition, enhance market messaging and positioning, and generally better position VisiQuate for the next phase of innovation, scale and operational excellence.
Barry Osherow, Managing Director of the Level Structured Capital Fund at Level Equity said, “We invest in companies that have a strong value proposition, a healthy client base, and a talented, committed leadership team. We are thrilled and proud to add VisiQuate to our portfolio. We are big believers in their vision and track record of delivering advanced, dynamic analytic solutions to the market.”
VisiQuate Founder and CEO Brian Robertson said, “These are exactly the type of financial partnerships we have been looking for, and CIBC and Level Equity have been amazing to work with. Our data-driven analytic solutions have helped some of America’s most important enterprises monetize their data assets, providing them more revenue and efficiency to support their mission. With the resources CIBC and Level Equity have made available, we are now in a position to accelerate our R&D, sales, and marketing activities that will accelerate our next round of growth. All of us at VisiQuate couldn’t be more excited about these partnerships and what they mean for our future.”
About Level Equity:
Level Equity is a New York based private investment firm that invests in and acquires outstanding growth businesses. The company has broad capabilities to pursue minority and majority investments, full acquisitions, and structured equity and credit solutions in support of a variety of transaction types and desired outcomes. Level Equity has raised $1.7 billion across its equity and structured capital business lines.
About CIBC:
CIBC (NYSE: CM) (TSX: CM) is a 150-year-old Toronto based, global financial institution with U.S. headquarters in Chicago. The company strives to build trusting and enduring relationships by putting its clients at the center of all its activities. Through CIBC Bank USA, the company offers tailored commercial, private banking, personal and small business financial solutions. The CIBC Innovation Banking team provides financial solutions and partnerships to technology companies to meet the unique needs of firms at all stages of development.
About VisiQuate:
Founded in 2009, VisiQuate helps clients accelerate the enterprise-wide growth of business health more effectively than any other alternative. The company’s enterprise-scale Business Analytics integrate and simplify complex Big Data from any number of disparate sources, and present it as a cohesive set of insights and actionable workflows. Hidden root causes, trends, and opportunities become clear, and lead directly to measurable improvements. For users at all levels, the app-like visualizations feel more retail than corporate. VisiQuate clients also benefit from the collective experience of industry domain leaders who help them achieve the best performance outcomes. Headquartered in Santa Rosa, CA, VisiQuate currently serves clients in the healthcare, finance, and medical device industries. For more information, visit www.visiquate.com or contact info@visiquate.com.
