Viva Capital Funding (Viva), an invoice factoring specialty finance company, announced the successful upsizing of their investment-grade corporate notes to $30.5 million. Since 2018, Viva has provided over $2B in capital to growing companies across a variety of industries throughout the U.S. Proceeds will be used by the Company to support additional growth of the business.
"We are pleased to have completed this note financing with a committed group of investors," said Viva's President, Greg DiDonna. "Their participation demonstrates belief in our business strategy and growth prospects, providing us with the resources needed to capitalize on the market opportunities ahead of us."
Michael Marshall, Director of Finance at Viva, added, “This funding represents a significant step forward in executing our long-term objectives. The capital will strengthen our balance sheet and provide the financial flexibility to make critical investments in our technology infrastructure and new lines of business.”
Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.