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.
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
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