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Encina Lender Finance Provides $25MM Credit Facility to Lago Innovation Fund I

February 10, 2021, 08:00 AM
Filed Under: Lender Finance

Encina Lender Finance provided a $25 million senior credit facility to an affiliate of LAGO Innovation Fund I, L.P., which provides venture debt financing to a range of high-growth companies participating in the “Innovation Economy”.

The facility will be used by LAGO to refinance its fund subscription line and to originate new venture debt facilities.

LAGO Innovation Fund supports the founders and investors of high-growth disruptive companies through bespoke, term loan-based credit facilities and equity co-investments. LAGO typically provides $3 - $30MM of capital to fuel the growth of emerging leaders in diverse sectors such as software, techenabled services, eCommerce, food and beverage, gaming, health + wellness, online marketplaces and need-based consumer products. LAGO structures its founder-friendly investments to provide incremental, longer-term investable capital to drive market penetration and ultimately the value of the enterprise.

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