Main Street Capital recently led a new portfolio investment totaling $12.0 million of invested capital in CapFusion, LLC ("CapFusion" or the "Company") to fund the Company's near-term growth opportunities and refinance existing debt, with Main Street funding $9.6 million of the investment. The investment in CapFusion consists of first-lien, senior secured term debt with equity warrant participation. In addition, Main Street and its co-investor are providing CapFusion an additional commitment for $8.0 million and a further conditional commitment for additional capital to support its future growth opportunities.
Headquartered in Prairie Village, KS and founded in 2013 by established specialty finance industry experts, CapFusion is a leading technology-focused business-to-business lender in a number of previously underserved industry segments. CapFusion provides short-term capital to established small businesses across the United States and utilizes a proprietary, technology-based lending platform that allows it to quickly determine credit risk, assess a client's needs, and fund a loan shortly after receiving a completed application from a client. CapFusion's customers have an average of more than $1.0 million in revenue, are diversified across a number of industries including medical, retail, professional services, construction, transportation, and agriculture, and are typically looking for more nimble, flexible capital than that typically provided by traditional lenders.
Main Street is a principal investment firm that provides long-term debt and equity capital to lower middle-market companies and debt capital to middle-market companies.