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Our long-standing relationship with WTI has given us first-hand experience with how consistent and valuable they are as a partner, especially in challenging macroeconomic times.  WTI has been a strategic source of capital that we have relied on to help grow our business.

Jim Imbler
CEO, ZeaChem

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WTI was a great, dependable partner to Plaxo, from the early days of our build out through our successful sale to Comcast. Through multiple stages of debt financing, we found them to be level-headed, flexible and responsive. Not only was their venture debt model a terrific fit - their people have all the right characteristics for a dynamic industry such as ours.

Ben Golub
CEO, Plaxo (acquired by Comcast)

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WTI made a commitment to Brocade when the company was still unproven; their capital had a meaningful impact on growing the business.

Bruce Bergman
Former CEO, Brocade Communications (NASDAQ: BRCD)

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As a public company, we had many financing options available to us. We were very impressed with how WTI worked with us on the $15 million debt instrument that we announced in conjunction with our recent follow-on offering.

Tim Lynch
CFO, Tercica

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I have worked with WTI in two of my companies, and their capital works as advertised; it is truly usable and provides real value. The WTI team is used to the challenges of operating in a start-up environment, so they have steady hands. I would be pleased to work with them again.

Bernard Harguindeguy
CEO, Atlantis Computing and GreenBorder Technologies

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As Skystream entered the critical expansion phase of its growth as a private company, WTI provided us the capital cushion we needed to maximize our market opportunity

Joseph Geesman
CFO and Vice President of Operations, SkyStream Networks (acquired by Tandberg Television)

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This is the third company that I have founded, and in each case, I have worked with WTI because of their integrity and flexibility.

Christopher McCleary
Chairman & CEO, Evergreen Assurance

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Over the past 4 years we have worked with WTI on 3 separate lending transactions totaling $15.5 million. They have proven to be strong financial partners and particularly responsive at critical times when we most needed their support.

Michael Maulick
CEO, Platform Solutions

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WTI's growth capital gave us extra time to assemble the best possible investors in our Series B financing.

Keegan Harper
CEO, Cameron Health (Acquired by Boston Scientific)

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This is my second start-up and my second time working with WTI.  WTI certainly provides capital that is helpful in growing a business. But even more so, being able to do business with people you can trust is critical to us.  We work with WTI because of the value of our relationship.

Brent Dusing
Founder & CEO, Hexify

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WTI played an integral role in financing the early development at Ablation Frontiers in conjunction with our Series A equity. They are a great partner.

Keegan Harper
CEO, Ablation Frontiers

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WTI's $25 million commitment was a key component of our financing strategy on the runway to an IPO. The strength of the firm's history and reliability of its capital were keys to selecting WTI as our debt partner.

William Moffitt
President and CEO, Nanosphere [NSPH]

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WTI played a pivotal role in working with our team and investors. Without their assistance, we would not be the successful, publicly traded company we are today.

William (B.J.) Lehmann
President and COO, Athersys (NASDAQ: ATHX)

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WTI is a terrific and exceptionally responsive partner. Throughout the relationship I dealt with a decision-maker who provided me quick and candid feedback, which enabled me to maximize the time I devoted to running my business. Given my positive experience with the firm, I highly recommend WTI to any company seeking the highest quality capital partner.

Victor Jablokov
President & COO, Yap

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WTI committed meaningful capital to Polyserve at a time when our business was nearing an inflection point and we were also outgrowing our incumbent debt source. The additional time allowed us to benefit from the solid progress we were making in the business by raising our final round at a significantly increased valuation. The firm's stability and scalability make them a strong partner for venture backed companies of all sizes.

Michael Stankey
Former CEO & President, PolyServe, Inc. (acquired by Hewlett-Packard Company)

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We chose to work with WTI rather than a bank because their deal structure was more flexible and it really allowed us to use the money.

Vivek Ragavan
CEO, Atrica

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WTI appreciates how businesses change over time. Their flexibility was important to our initial relationship together. As Molecular Imprints has grown, WTI has scaled with us and provided substantial follow-on financing to meet our evolving needs.

Norman E. Schumaker
President and CEO, Molecular Imprints

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WTI has provided funding to more than ten Founders Fund companies. We consider them to be a valuable partner and love working with them.

Luke Nosek
Managing Partner, Founders Fund

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We chose WTI over other lenders because they had great local references in the New York City metro area and are well known for their ability to scale with companies over time.  We always dealt with a highly responsive decision maker from first engagement through funding, and would highly recommend them to any of our business partners.

Gauthereau Guillaume
CEO, Totsy

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WTI provided $11 million to WWP at a critical inflection point for the company. We had a new product we were bringing to market which became the foundation of our successful acquisition by Ciena. The debt capital and support from our existing investors allowed us more time to win large carrier contracts and improve our position with potential acquirers.

Matt Frey
COO, World Wide Packets (acquired by Ciena)

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I have had a positive experience working with WTI at three different companies. WTI consistently delivered as promised and showed considerable flexibility to meet our unique business requirements. After 25-years of working in Silicon Valley, I can attest to the importance of smart money.

Steve Wong
CFO, Rainfinity (acquired by EMC)

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WTI's capital came into IronPort at an important time early in the company's development - we really enjoyed working with the WTI team.

Scott Weiss
CEO, IronPort Systems (acquired by Cisco Systems)

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WTI's capital came at a critical juncture for the company as we began our initial product launch. The runway the facility provided gave us additional time to demonstrate our technology, culminating in our acquisition by AOL.

Eric Engstrom
CEO, Wildseed

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Given the strong trajectory of our business, we were fortunate to have a number of firms interested in working with us.  After a fair amount of referencing with our existing investors and other entrepreneurs, we chose to work with WTI given their long history as a firm with the patience and risk tolerance for long-term value creation.  WTI understands our business at a fundamental level and has been terrific to work with from first meeting to funding.

Jasper Malcolmson
CEO, Bloomspot

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WTI has been a valuable partner to Youku as we have grown over the years.  They really took the time to understand our business, which was important to us since we are a China-based company.

Victor Koo
CEO, Youku.com (NYSE: YOKU)

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It was important for Neutral Tandem to choose a reliable financing partner who could scale with us.  WTI provided us with financing early in our development, and has continually been able to meet our funding needs as our business grew.

Rob Junkroski
CFO, Neutral Tandem (NASDAQ: TNDM)

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WTI's growth capital has been an important part of the capital structure, and strategic planning, of several of our portfolio companies.

Beckie Robertson
Partner, Versant Ventures

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It can be challenging as a first time CEO to navigate venture waters, and WTI has consistently provided strong support and seasoned guidance at each stage of our growth. WTI has been an excellent partner and integral part of the FanBridge story.

Spencer Richardson
CEO & Co-founder, FanBridge.com

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During Juniper's earliest days, it was comforting to know we were working with a debt partner of the same caliber and mindset as our VC investors.

Scott Kriens
President & CEO, Juniper Networks (NASDAQ: JNPR)

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WTI provided valuable capital to Sierra Logic as our company continued to grow. Their three commitments (totaling $7.8 million) provided the additional runway we needed to get to profitability without having to raise additional equity.

Bob Whitson
CEO, Sierra Logic (acquired by Emulex)

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In every company I've started or been a part of, I come across a subset of folks that I know I'll call without hesitation in my next company, and WTI is one of those companies.

Doug Camplejohn
CEO, Mi5 Networks

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Articles


Successful Holiday 2011 Online Sales Season Not Limited to Retail Giants, Reports Kabbage - Study by Online Merchant Financial Services Company Reveals Sales Jumps for 2 Out of 3 Small-to-Medium e-Retailers, Optimism for 2012



ATLANTA, Jan. 19, 2012 /PRNewswire/ --Kabbage, Inc., a provider of working capital for small businesses, today announced the results of its post-holiday 2011 retail study focusing on small-to-medium online merchants. The survey indicates a highly successful season, with 69% percent of respondents reporting increased sales. On average, study participants experienced a 32% hike in sales compared to the 2010 season.

Other notable survey highlights:

  • Seasonal promotions were offered by 47% of respondents, with 30% of those promotions including a "Free Shipping" component
  • E-commerce companies consistently purchased inventory in the three months leading up to December, with 76% of respondents buying inventory in October
  • Half of the respondents reported no rise in product pricing for 2011, with 36% noting higher prices
  • Only 11% of surveyed e-retailers reported a drop in sales for the 2011 holiday season
  • More than 50% of e-commerce companies had more demand for their products than supply this holiday season and would have benefited from having more cash available to buy inventory.

 

Kabbage's study included responses from its client base of small and medium-sized e-commerce companies, representing several industry verticals. The study's objective is to measure category growth and identify industry trends.

When asked about prospects for 2012, respondents showed solid optimism. Positive attitudes about sales growth in the coming year were shared by 88% of those responding.

Kabbage, which officially launched in October, 2010, has become a critical piece of the operational puzzle for many online merchants. Faced with daunting requirements and even reticence from traditional sources of funding, online merchants have turned to Kabbage for the working capital they need to grow their businesses. To learn more, log on to www.kabbage.com.

About Kabbage, Inc.
Kabbage, Inc., headquartered in Atlanta, Georgia, is the first financial services company offering a fully automated data and technology platform for the delivery of working capital and other financial services to merchants utilizing the Internet to sell their products and services, interact with vendors and market themselves. Kabbage is venture funded and backed by Mohr Davidow Ventures and BlueRun Ventures with additional investors including: David Bonderman, founder of TPG Capital, Warren Stephens, CEO of Stephens Inc., the UPS Strategic Enterprise Fund and Western Technology Investment. For more information, please visit www.kabbage.com

SOURCE Kabbage, Inc.