Transactions


$130 million Deal Value

has obtained a Senior Secured Line of Credit from a syndicate led by

has obtained a Senior Secured Line of Credit from a syndicate led by

Financial advisor to OnDeck Capital

August 2013

Freeman & Co. Acted as Financial Advisor to OnDeck Capital
Date
August 2013
Industry
Financial Technology, Private Equity, Specialty Finance
Transaction
Capital Raise
Deal Value
$130,000,000

August 2013 - OnDeck Capital, Inc. has obtained a $130 million senior secured line of credit from a syndicate led by Deutsche Bank. The facility will help OnDeck achieve new growth and expand its origination capacity.

OnDeck is a leading provider of inventory, business expansion, and temporary cash flow financing to small businesses, using proprietary data aggregation and electronic payment technology. OnDeck has financed over $600 million of small business loans since its founding in 2007.

OnDeck’s equity investors include First Round Capital, Google Ventures, Industry Ventures, Institutional Venture Partners, Khosla Ventures, RRE Ventures, SAP Ventures & Village Ventures.

Freeman & Co. acted as financial advisor to OnDeck Capital, Inc.