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Vantrix Obtains $4.5MM From NXT Capital Venture Finance

March 27, 2013, 07:14 AM
Filed Under: Technology

NXT Capital’s Venture Finance Group announced the closing of a $4.5 million venture loan to Vantrix, a leading provider of message and video bandwidth optimization solutions for carriers, ISPs and enterprises. Vantrix will use growth capital from the loan to fund strategic growth initiatives.

Vantrix’s bandwidth optimization platforms help carriers, ISPs and enterprises reduce the network impact of increased demand for streaming video, which, according to Cisco Systems, is expected to represent more than 67% of all network traffic by 2017.

Vantrix is backed by Summerhill Venture Partners, Tudor Growth Equity, BDC Capital and JK&B Capital, among others.

"Vantrix is committed to developing advanced optimization technologies to help our customers adapt to and take advantage of unprecedented growth in video traffic”, said Jim Knapik, chief executive officer, Vantrix. “NXT Capital Venture Finance has developed a strong understanding of our business and technological vision. NXT’s investment in Vantrix will help drive strong market growth with attractive terms that support our near-term profitability goals."

“We are excited to be a part of the Vantrix team,” said Matt Eaton, senior associate, NXT Capital Venture Finance. “Vantrix’s video bandwidth optimization solutions are backed by industry leading technologies that have been developed and honed through more than a decade of research and development.”

NXT Capital Venture Finance serves entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, NXT Capital Venture Finance offers senior and subordinated term loans in the $1 million to $20 million range to emerging growth companies backed by venture capital and private equity firms, particularly those in the technology and life science sectors. Target clients range from pre-revenue companies led by dedicated entrepreneurs to late-stage, proven businesses seeking more efficient growth capital.

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