Versant Funding recently funded an $8 million factoring facility for a start-up tech company. Versant's Non-Recourse Factoring Facility is being used as a bridge to delay an equity raise so that ownership can leverage strong growth over the next 18 months into a higher valuation. In fact, this is ownership's second go round with Versant. Ownership was able to sell their interest in a previous tech start-up company after an eighteen month bridge factoring facility with Versant. The ensuing revenue growth resulted in a lucrative valuation which they were able to parlay into their current business.

Versant Funding's custom Non-Recourse Factoring Facilities have been designed to fill a void in the market by focusing exclusively on the credit quality of a company's accounts receivable. Versant Funding offers non-recourse factoring solutions to companies with B2B sales. All we care about is the credit quality of the A/R.