Wellington Financial Provides New US$10 Million Growth Capital Facility to Exinda

One of the luxuries of having a large capital base ($300M) is that we get to grow with our companies as their needs evolve; it also means we have the firepower to keep them, too, should the need arise.

An example of that came today when we announced that we had recently closed a US$10 million venture debt financing for Exinda, a Toronto-based company dedicated to delivering the best application performance possible on its clients’ networks. Exinda’s solutions help IT teams manage the way users, traffic, devices and applications behave across networks. To date, more than 4,000 customers have placed their trust in Exinda to help them understand the various application types running and orchestrate the perfect network to match their business needs. Although headquartered in Toronto, Exinda has a significant development operation in Waterloo, Ontario. OpenView Venture Partners and Greenspring Associates are the lead equity backers of Exinda.

We first financed the Company back in 2012, and have been pleased by the consistent growth both in revenue and profitability that Exinda’s leadership team has delivered. I’d like to think that our True Growth Capital has played an important role in management’s execution of its business plan, but all of the credit goes to CEO Michael Sharma and his team.

Thanks for your continued confidence and partnership!

MRM