Nextech3D.AI CEO Evan Gappelberg joined Steve Darling from Proactive to share news the company has received an initial $2 million infusion without share dilution by doing a deal with fintech firm Ratio Technology and its $400 million credit fund.
Gappelberg telling Proactive the $2 million in cash was paid against future invoices that the company has contracts for but has not yet been paid. It feels this new access to non-dilutive capital on these long-dated purchase orders will enhance its financial flexibility. The company’s strong customer contracts, including blue-chip clients like Amazon and Kohl’s, contribute to its ability to secure long-dated contracts and attract substantial funding.
Proactive Investors Canada
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