METRIX Capital Group closes latest funding round
Orange County based venture capital company METRIX Capital Group recently announced the closure of a USD5 million round to grow its Revenue/Royalty Based Funding program. The RBF Program is an alternative bank loan program given to small and medium sized businesses for fast and flexible growth capitalization to companies.
According to METRIX Capital Group CEO Jeff Brannon, "We are immensely excited about the prospects of helping small and medium sized business grow into markets, explore new opportunities and ultimately, add jobs. With tight bank lending criteria and long onerous lead times on securing venture capital, our RBF program is poised to disrupt the growth capital market."
Through the use a proprietary underwriting algorithm, METRIX can offer funding to any company with six months revenue and a growth plan. The funding would come without the traditional banking restrictions and would not dilute the company's equity. Oftentimes, the program would provide funding amounts between USD50,000 and USD500,000.