Tech Company Financing Transactions

Breakout Capital Funding Round

Synovus Bank participated in a $45 million venture round for Breakout Capital. This VC investment round closed on 7/27/2023.

Transaction Overview

Company Name
Announced On
7/27/2023
Transaction Type
Debt
Amount
$45,000,000
Round
Undisclosed
Investors

Synovus Bank (Lead Investor)

Proceeds Purpose
This transaction expands our on-balance sheet funding capacity and provides valuable runway for future loan growth.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
1451 Dolley Madison Blvd 200
McLean, VA 22101
USA
Email Address
Overview
Built on the pillars of transparency, honesty, and doing what's right for small business. And we mean that. We're working for small businesses every day, providing responsible working capital solutions tailored specifically for your business. We know each customer carries a unique story, and with dozens of different forms of working capital available in the market, the "one size fits all" approach utilized by many of our competitors leaves many small businesses fighting an uphill battle with a product that doesn't match their business. We also understand that capital alone isn't enough, which is why we regularly produce important educational resources for you. But we don't stop there; we are constantly working as your advocate, to ensure that small businesses across the country continue to have access to alternative forms of working capital that are transparent, affordable, and free of predatory practices. Our tagline says it all: Empowering Small Business. We want to put the financial
Profile
Breakout Capital LinkedIn Company Profile
Social Media
Breakout Capital Company Twitter Account
Company News
Breakout Capital News
Facebook
Breakout Capital on Facebook
YouTube
Breakout Capital on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
McLean Wilson
  McLean Wilson LinkedIn Profile  McLean Wilson Twitter Account  McLean Wilson News  McLean Wilson on Facebook
Co-Founder
Brandon Labrum
  Brandon Labrum LinkedIn Profile  Brandon Labrum Twitter Account  Brandon Labrum News  Brandon Labrum on Facebook


 

 

Browse more venture capital transactions:

Prev: 7/27/2023: Proprio venture capital transaction
Next: 7/27/2023: CompScience Insurance Services venture capital transaction

 

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Where The Data Comes From

Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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