Lending Platform Behalf Raises $119M in Debt and Equity
July 31, 2015
Behalf, a lending platform targeting small- and mid-sized businesses, has raised a Series B round and credit facility totaling $119 million; the round was led by MissionOG, with Victory Park Capital providing the credit facility. As part of the deal Gene Lockhart of MissionOG will join the company's Board. The company provides working capital lines of up to $50,000 to businesses in order to bridge cash-flow gaps.