USD 40 million senior secured loan to Meltwater
August 27, 2014
Proventus Capital Partners has provided a USD 40 million senior secured loan to the media monitoring and intelligence firm Meltwater. The funds will be used to refinance current debt facilities and finance future growth opportunities.
Meltwater’s online intelligence platform analyses billions of digital documents daily to extract precise, timely business insights that help more than 20,000 companies understand their markets, engage their customers, and master the new social business environment. Founded in Norway in 2001, Meltwater is now headquartered in San Francisco with offices in 27 countries across the globe.
Proventus Capital Partners believes that Meltwater’s market leading position within traditional and social media monitoring, combined with its inventive product offering, makes the company well positioned to continue to benefit from companies´ increasing need to understand their markets and customers. We also appreciate the entrepreneurial spirit of Meltwater, which is owned by its founders and employees, as well as the company’s support of the Meltwater Entrepreneurial School of Technology (MEST), a non-profit training and mentoring program for software entrepreneurs in Ghana.