FirePower Capital Advises TheRedPin on $2.5 million Venture Debt Raise


FirePower Capital (“FirePower”), Canada’s leading entrepreneurial investment bank, is pleased to announce that it has acted as exclusive advisor to TheRedPin Inc. (“TheRedPin”), with regards to its recent debt capital raise.

Toronto, ON, Sep 02, 2016 -- FirePower Capital (“FirePower”), Canada’s leading entrepreneurial investment bank, is pleased to announce that it has acted as exclusive advisor to TheRedPin Inc. (“TheRedPin”), with regards to its recent debt capital raise.

TheRedPin, a Toronto-based technology-enabled real estate brokerage platform, was seeking additional capital to support the company’s nationwide expansion. Backed by reputable investors and doubling in size for several years in a row, the company’s shareholders sought venture debt in order to avoid the dilution that another equity round would cause.

“We knew right away that it would not be an easy story to tell: the kind of growth that TheRedPin experienced always makes lenders uncomfortable,” commented Ilan Jacobson, Founding Partner and CEO of FirePower. “It is typical in Canada. But we have been in this niche for years, and we knew how to help TheRedPin secure this funding.”

FirePower brought to bear its intimate knowledge of the venture debt space, securing $2.5m in non-dilutive debt capital, which will help TheRedPin expand nationwide and continue to build its brand.

Read the full success story on the FirePower Capital Website: www.firepowercapital.com/resources/case-studies.

About TheRedPin:

TheRedPin connects people, data and technology. TheRedPin’s platform carries the largest database of active residential listings in the Greater Toronto Area, with plans to expand nationally. TheRedPin is a challenger brand, with a unique business model that streamlines the real estate journey, and provides exceptional end-to-end services and benefits, not found at other traditional brokerages. www.theredpin.com

About FirePower Capital:

FirePower Capital is Canada’s leading entrepreneurial investment bank and focuses exclusively on advising private lower mid-market companies in Canada on their strategically important M&A and non-dilutive capital financing transactions. FirePower Capital is based in Toronto. www.firepowercapital.com

Contact:

Paul Odnoletkov

Director, Marketing

FirePower Capital

3 Church Street, Suite 601

Toronto, ON M5E 1M2

+1-647-260-4986

podnoletkov@firepowercapital.com

http://www.firepowercapital.com

Products or Services

FirePower Capital (“FirePower”), Canada’s leading entrepreneurial investment bank, is pleased to announce that it has acted as exclusive advisor to TheRedPin Inc. (“TheRedPin”), with regards to its recent debt capital raise.

Contact Information

FirePower Capital

3 Church Street, Suite 601
Toronto, ON
M5E 1M2
Canada
Phone : +1-647-260-4986
View website

Published in

Business

Published on

Sep 01, 2016

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