Lovin' Palo Alto

It might seem like a statement, but it really isn’t, despite the fact that 8 of our last 10 financings have been for U.S.-based companies. As is often the case on a Friday, a deal gets put to bed. Happy to report that we just closed a US$5.5 million venture debt financing for a California-based provider of eCommerce software and services.

Hopefully we’ll be able to name the firm next week. The company’s existing investor base includes five venture capital firms based in the Palo Alto area.

If three makes for a “Trifecta”, what the handle for five firms in the same venture basin?

MRM