Restaurant tablet maker Ziosk snags $100 mln from CapX

CapX Partners has provided $100 million in financing to Ziosk. Dallas, Texas-based Ziosk is a restaurant tablet maker. PRESS RELEASE (CHICAGO, IL, September 24, 2015) CapX Partners (CapX) announced today the closing of a loan facility that can grow to $100 million to support the growth needs of Ziosk. Ziosk is the creator of the restaurant industry’s first ordering, entertainment and pay-at-the-table tablet and commands 95% of the deployed market. The funds will be used to support agreements with Olive Garden and other restaurant brands to deploy Ziosk tablets across the U.S. Ziosk is the clear cut industry leader serving more than 25 restaurant concepts across all 50 states. When the Olive Garden deployment is complete, over 150,000 tablets in 3,000 locations will be interacting with more than 50 million guests per month, demonstrating the continued momentum of Ziosk in the restaurant industry. Olive Garden is the leading Italian restaurant brand in the casual dining segment with more than 840 restaurants and 96,000 employees and more than $3.8 billion in annual sales. Olive Garden is a division of Darden Restaurants, Inc., which owns and operates more than 1,500 restaurants that generate over $6.8 billion in annual sales. “Ziosk was seeking a strategic financial partner to assist in the expansion of its network,” said Eric Starr, CapX Partner. “Ziosk Chairman and Co-Founder Jack Baum and his team have created a fantastic platform for Olive Garden’s patrons. We are excited, along with our funding partners Garrison Investment Group and Victory Park Capital to provide support for Ziosk’s current and future restaurant partnerships.” Ziosk provides a technology platform for the restaurant industry. The flagship product is the Ziosk tabletop tablet that enhances the dining experience for several audiences. It gives guests more control over payment, entertainment and information. Ziosk also helps restaurants improve their service, digital relationship with their guests, operational efficiency and profits. The Ziosk benefits servers by increasing their tips and gives sponsors a unique and valuable way to reach their audiences. “We are thrilled to have CapX supporting Ziosk and our restaurant partners, and this financing further supports our mission to revolutionize pay-at-the-table solutions at restaurants. We are honored to have their confidence, commitment and support as we grow and look forward to a valuable partnership,” stated Jack Baum. About Ziosk Based in Dallas, Ziosk is the creator of the first entertainment, ordering and pay-at-the-table tablet for the restaurant market. The industry leader commanding 95 percent of the installed tabletop tablet market, Ziosk has deployed more than 150,000 Ziosk® tablets in over 2,500 restaurants across all 50 states. The Ziosk® technology is an enterprise grade solution, featuring a 7-inch tablet and encrypted credit card reader, resides on each table and enables guests to see menu items, play games, view entertainment, order food and beverages and ‘pay on demand;’ all which gives guests control over their dining experience. With its interactive capabilities, Ziosk and its footprint have created the Ziosk Media Network™, a digital media platform for partners to create engaging experiences at the point of purchase. With over 400 million consumers served and growing, Ziosk is revolutionizing the experience and economics of dining. For more information, please visit www.ziosk.com. Ziosk is the owner of the Ziosk®, Ziosk Media Network™ and zTrivia™ family of marks and logos. About CapX Partners Founded in 1999, CapX Partners (CapX) is a specialty finance company that focuses on private equity and venture backed portfolio companies looking for debt financing in the $2-$20 million range. CapX provides senior and mezzanine debt including lease lines and favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue producing fixed assets. For more information on CapX, visit www.capxpartners.com.

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Restaurant tablet maker Ziosk snags $100 mln from CapX

Premise racks up $50 mln Series C

Valor Equity Partners has raised a $50 million Series C round for Premise, according to a blog post on the latter’s site. In addition to the funding, Antonio Gracias of Valor has been added to Premise’s board of directors. Based in San Francisco, Premise is an economic data tracking platform.

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Premise racks up $50 mln Series C

Invoice trading marketplace NoviCap grabs $1.7 mln

London-based invoice trading marketplace NoviCap has raised $1.7 million in funding. The investors were Partech Ventures, Techstars Ventures, Cabiedes & Partners, ACE & Co and Tekton Ventures. PRESS RELEASE NoviCap, the invoice trading marketplace, has announced a $1.7M Series Seed. The company, which launched in 2014, allows small and medium companies to access financing by selling their outstanding invoices to professional investors who can access a new asset class with double-digit returns. Investors can access a new asset class Focussing on SMEs with blue-chip debtors, NoviCap boasts double-digit returns for investors while maintaining a 0% default rate on all transactions. On NoviCap’s investment side, family offices, high-net-worth and corporate investors, can enjoy fully automated trading and diversify their portfolio by buying parts of multiple invoices. Fast and transparent alternative to finance SMEs NoviCap sets out to provide a faster, more flexible, and transparent way to finance companies. Small and medium companies can apply online and start discounting their invoices in less than 48h. Once registered, companies upload invoices which can be sold to a pool of professional investors instantaneously. Aimed at solving the issue of long payment terms (60-90 days) Federico Travella, CEO and co-founder of NoviCap explains “Extended payment terms can have far-reaching consequences for SMEs and the rapid growth of our business validates market demand for an innovative financing solution” He added that the new firepower will solidify NoviCap’s position as the leading online invoice finance platform in Southern Europe. David Cohen, Managing Partner at Techstars Ventures said: “During the Barclays FinTech Accelerator powered by Techstars, NoviCap impressed everyone with their innovative financing marketplace, as well as the high calibre and determination of the founders.” He added, “We strongly believe in the value of the platform and are excited to see the NoviCap story unfold.” Romain Lavault, General Partner at Partech Ventures, said: “The invoice trading market has a promising future and NoviCap has all the cards in place to succeed. We believe in the ambitious team and the strong vision of the firm.” The funding round closed earlier this year and includes the participation of global private equity firm ACE & Co and San Francisco-based Tekton Ventures. NoviCap is headquartered in London and has a client base of mainly Spanish companies which are affected by the longest payment terms in Europe. As demand for alternative finance grows, NoviCap continues to expand its customer base, achieving a 90% client retention rate.

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Invoice trading marketplace NoviCap grabs $1.7 mln

Graycliff Partners backs Founders Equity’s investment in Stone Source

Graycliff Partners said Wednesday it provides a loan to support Founders Equity’s recapitalization of Stone Source. Financial terms weren’t announced. New York City-based Stone Source sells stone and decorative products to consumers and contractors via the architect and design channel for commercial and high-end residential use. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, today announced it has provided subordinated debt financing to Stone Source, a supplier of natural stone and other decorative surface products including porcelain and glass tile, engineered stone and reclaimed wood. Graycliff’s investment in Stone Source supported a recapitalization of the business by Founders Equity. Headquartered in New York City, Stone Source sells stone and decorative products to consumers and contractors via the architect and design channel for commercial and high-end residential use. The company has a nationwide presence, with operations in New York, New Jersey, Massachusetts, Illinois, Washington, DC, Texas and California. “Stone Source’s reputation for excellence, expansive product line and long-term customer relationships have positioned the company as a premier operator in the Architecture and Design market,” said Steve Hindmarch, Managing Director, Graycliff Partners. “Graycliff Partners is excited to work with Stone Source’s management to support the company’s continued success.” About Graycliff Partners LP Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, dividend recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.

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Graycliff Partners backs Founders Equity’s investment in Stone Source

CrunchBase spins out from AOL

Emergence Capital Partners said Tuesday that it has funded the spin-out of CrunchBase from AOL. Financial terms weren’t announced. AOL will continue to hold a significant stake. Jager McConnell, former VP of sales cloud products at Salesforce.com, was named CEO of CrunchBase. PRESS RELEASE SAN MATEO, CA–(Marketwired – September 22, 2015) – Emergence Capital Partners (http://www.emcap.com), the leading venture capital firm focused on cloud companies, announced that it has funded the spin-out of CrunchBase (http://www.crunchbase.com) from AOL (now part of Verizon). Emergence Capital recognized the potential for CrunchBase to increase its scope and impact as the go-to private company database, and the firm is leading an investment round to accelerate the realization of the expanded vision. Emergence recruited Salesforce.com product visionary, Jager McConnell, to join CrunchBase as its new CEO. AOL will continue to hold a significant economic ownership interest in CrunchBase, and Mark Roszkowski, SVP, Head of Corporate Development, AOL, will serve on the board of the stand-alone company. CrunchBase was founded in 2007 as a crowd-sourced database to track start-ups, and it has developed into a leading platform for private company information with over 860,000 company and people profiles, based on data published by CrunchBase at https://info.crunchbase.com/. After being acquired by AOL in 2010 through the TechCrunch acquisition, CrunchBase has grown significantly in the last five years, and has the potential for even greater success with dedicated capital and resources. “We see a substantial opportunity for growth for CrunchBase as a stand-alone company with Emergence Capital’s support,” said AOL’s Luke Beatty, iBrands President. “Emergence is known for its concentrated focus on cloud applications and go-to market expertise, making the firm the ideal investment partner.” Emergence set out to find a proven product executive to spearhead the expanded vision for CrunchBase, and the team is excited to welcome Jager McConnell, former VP Product at Salesforce.com, as the new CEO. Jager brings significant product, data, strategy, marketing, and sales leadership to CrunchBase. He will work with Matt Kaufman, now Head of Operations for CrunchBase, who has led the company through its impressive growth over the last several years, as well as with the employees that join the new company from AOL. Emergence Capital has been investing in leading Software as a Service (SaaS) applications for over a decade, with an impressive track record for helping early stage companies such as Box and Yammer define compelling subscription business models. Santi Subotovsky, Partner, Emergence Capital noted, “At Emergence, our mission is to invest in the cloud visionaries who are building the most important business applications. The more we learned about CrunchBase, the more excited we became about its potential. Emergence loves working with early stage companies to build market leaders. We believe wholeheartedly in the potential of Jager McConnell’s leadership and the CrunchBase team, and we are excited to team up with AOL to invest in this rich platform.” “CrunchBase is one of the best datasets in the world, and I’m thrilled to help build out the next generation of this platform,” said Jager McConnell, CEO, CrunchBase. “We are ready to work with the global CrunchBase community and our partners to provide even more value to the millions of people who rely on CrunchBase information every day.” CrunchBase will continue to be headquartered in San Francisco. About AOL – AOL is a media technology company with a mission to simplify the internet for consumers and creators by unleashing the world’s best builders of culture and code. As one of the largest online properties with over 350 million monthly global consumers of its premium brands, AOL is at the center of disruption of how content is being produced, distributed, consumed and monetized by connecting publishers with advertisers on its global, programmatic content and advertising platforms. AOL’s opportunity lies in shaping the future of the digitally connected world for decades to come. AOL is a subsidiary of Verizon. About Emergence Capital (@emergencecap) – Emergence Capital, based in San Mateo, Calif., is the leading venture capital firm focused on early and growth-stage enterprise cloud companies. Its mission is to invest in the cloud visionaries who are building the most important business applications. The firm’s investments include market leaders such as Salesforce.com (CRM), SuccessFactors (SFSF, acquired by SAP), Veeva Systems (VEEV), Yammer (acquired by Microsoft) and Box (BOX). More information on Emergence Capital can be found athttp://www.emcap.com.

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CrunchBase spins out from AOL