Boston, MA – NXT Capital’s Venture Finance Group today announced the closing of a $5.0 million venture loan to Telligent, a leading provider of social community software for the enterprise. Telligent will use proceeds from this facility to capitalize on strategic growth initiatives.
Telligent’s enterprise social platform powers online communities that help businesses create exceptional social experiences for their customers, partners and employees. The company enables its customers to launch, curate and facilitate adoption of online communities, as well as seamlessly integrate these communities into existing marketing, operations and support infrastructures. Headquartered in Dallas, Texas, Telligent is backed by Intel Capital and other prominent investors.
“Telligent is committed to delivering an exceptional customer experience and we look for partners who are dedicated to doing the same,” said Patrick Brandt, Chief Executive Officer, Telligent. “NXT Capital Venture Finance has a strong understanding of our vision and our business. NXT’s investment in Telligent gives us the operational flexibility to extend our leadership position and advance our commitment to customer excellence.”
“We’re excited to join the Telligent team,” said Joe Spinelli, Investment Professional, NXT Capital Venture Finance. “As a trusted thought leader in online collaboration for almost a decade, Telligent not only provides customers with the underlying technologies to foster successful internal and customer-facing communities, but it also serves as a valuable resource in trends and best practices honed from its experience with over 3,000 enterprise customers,” added Spinelli. “Telligent’s customer-centric culture permeates the entire organization, which has created a fanatical customer base that continues to expand its usage of online communities.”
About NXT Capital Venture Finance: NXT Capital Venture Finance serves entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, NXT Capital Venture Finance offers senior and subordinated term loans in the $1 million to $20 million range to emerging growth companies backed by venture capital and private equity firms, particularly those in the technology and life science sectors. Target clients range from pre-revenue companies led by dedicated entrepreneurs to late-stage, proven businesses seeking more efficient growth capital. For more information, see www.nxtcapitalvf.com.
About NXT Capital: NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. See www.nxtcapital.com.
About Telligent: Telligent powers online communities and enterprise social networks that are essential to business. Global brands including Cadbury, Dell, Investec, Microsoft, Oxfam, Rackspace, Sitecore and Susan G. Komen for the Cure trust Telligent to transform their business with social. Telligent software helps companies empower their customers, employees and partners with social collaboration tools that drive real business value: higher sales, lower costs and bigger ideas. Our commitment to customer excellence is matched only by our dedication to community service, a people-first philosophy that defines our brand promise. For more information, visit www.telligent.com, or connect with us on Twitter and Facebook.