Latest news with #EdgeCapital
Yahoo
03-04-2025
- Business
- Yahoo
Edge Capital Increases Commitment for Long Drink ABL Facility to $20MM to Support Growth
BALA CYNWYD, Pa., April 3, 2025 /PRNewswire/ -- Edge Capital has increased its asset-based lending (ABL) commitment for The Long Drink Company from $12.5 million to $20 million, reinforcing its support for the brand's continued expansion. The upsizing of the facility comes as Long Drink, a Finnish ready-to-drink gin-based beverage company, experiences significant growth in distribution and consumer demand across the U.S. The increased capital will provide additional liquidity to support inventory expansion, market penetration, and operational efficiencies. "We are pleased to expand our partnership with Long Drink as they continue to build momentum in the market," said Stephen Butler, COO at Edge Capital. "The company's strong performance and brand recognition make them an ideal partner for our tailored financing solutions." Edge Capital specializes in customized asset-based lending solutions, including high-growth consumer brands, providing $5MM-$50MM in working capital to help businesses scale efficiently. View original content to download multimedia: SOURCE Edge Capital Lending, LLC Sign in to access your portfolio
Bloomberg
18-03-2025
- Business
- Bloomberg
General Atlantic, Lead Edge Bet on Nerdio at $1.2 Billion Valuation
General Atlantic has agreed to lead a $500 million equity round in Nerdio, a software company that seeks to make remote work easier to manage for IT professionals. Lead Edge Capital and StepStone Group Inc. have also agreed to participate in the agreed-upon transaction, Chief Executive Officer Vadim Vladimirskiy said in an interview. The transaction values Chicago-based Nerdio at $1.2 billion, quadruple the $300 million that the company was valued at in a round announced in December 2022, according to people with knowledge of the matter, who asked not to be identified discussing private information.
Yahoo
19-02-2025
- Business
- Yahoo
Which companies will win the AI race? One VC shares his take.
Artificial intelligence (AI) is increasingly being used by companies not just for cost-cutting, but also as a way to drive new revenue streams. Premium AI services, such as OpenAI's subscription models, reflect the growing costs of delivering such technologies. Lead Edge Capital founder Mitchell Green explains to Catalysts hosts Seana Smith and Madison Mills "the costs of providing the service are much more expensive than your typical search." Green predicts that dominant players will emerge, as companies like Apple (AAPL), Amazon (AMZN), and Google (GOOGL, GOOG) did with the iPhone. Green highlights that businesses like Genesis in the call center space and software company Grafana Labs in developer tools are likely to utilize AI more. "They're all going to embed AI inside their systems and leverage their existing customers to continue to grow faster and faster," Green says. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch Sign in to access your portfolio
