Espresso Capital Recognized as Canada’s Most Active Venture Debt Firm in 2017

TORONTO, ONTARIO — (March 23, 2018)  — Espresso Capital is pleased to announce that it has been named the most active Canadian venture debt firm for 2017 by the Canadian Venture Capital & Private Equity Association (CVCA).

With 84 loan advances totalling $51 million during the year, Espresso grew its portfolio 110% year-over-year.

According to the CVCA report, venture capital activity increased by 11% during the year. With 592 deals worth a total of $3.5 billion transacted during 2017, the Canadian venture capital landscape has doubled in the last five years alone.

“It was a banner year for Canadian venture all around,” said Espresso Capital CEO Alkarim Jivraj. “We’re proud to be playing a role in helping great Canadian founders build great companies and expand Canada’s economic footprint.”

Espresso Capital’s growth can be attributed to the strength of the SaaS market, which accounted for 73% of the firm’s activities in 2017. Espresso was active across Canada, with Ontario representing 60% of loan volume, followed by British Columbia at 23% and Quebec at 10%.

 

About Espresso Capital

Since 2009, Espresso Capital has provided over 230 early and growth stage technology companies with founder friendly capital. We offer lines of credit and term loans to enable entrepreneurs to grow their businesses without dilution, board seats, or personal guarantees. Our mission is to enable founders to control their destiny with fast, fair, and flexible capital.

For more information, please visit www.espressocapital.com.

 

Contact Information

For media inquiries:

Katie Paterson
Director of Marketing
katie@espressocapital.com
+1 416.583.2667