Novus Capital Group announced that it has merged with Super G Capital of Newport Beach, California.
John Saefke, CEO of Novus Capital, will lead the venture debt and technology lending practice as a division of Super G Capital. Founded in 2013, Novus Capital has provided customized financing solutions to 70 emerging technology companies that are sponsored by Angel or Venture Capital investors. Super G Capital, which started in 2008, has loaned approximately $200 million through its four lending divisions. Super G Capital provides a robust platform of non-dilutive, flexible funding solutions for growth stage entrepreneurial companies.
“The combination of Novus Capital’s Venture Debt focus and Super G Capital’s 2nd lien lending will create unmatched structural flexibility to technology and emerging growth companies nationwide. In addition to more customized loan terms, Novus Capital can now provide a full spectrum of funding options from $250K up to $5 million per transaction, an increase from our previous limit of $1 million,” said John Saefke. “In addition, we can now offer both traditional Venture Debt with warrant coverage style deals as well as non-dilutive growth debt.”
“We started our SaaS Funding division last year to bring non-dilutive growth debt to the software and technology industry,” says Darrin Ginsberg, CEO of Super G Capital. “Super G Capital was looking to accelerate our technology lending when we met John Saefke and the Novus Capital team. Together we will expand our product offerings and better serve Angel and Venture-backed companies by providing more options.” Novus Capital now offers senior financing, subordinated financing and can utilize Super G Capital’s “First to Second” solution to grow with its clients from an early stage through traditional bank financing.
In addition to John and professionals located in Portland, OR, Novus is led by Dave Dolezal in Denver, CO and Jane Mason in Boston, MA. They will add coverage with Super G Capital professionals in Southern CA, Northern CA and Dallas, TX.