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Wellington Financial Provides $10MM to Mindjet Corporation

November 11, 2014, 08:15 AM
Filed Under: Software

Wellington Financial LP, a privately-held specialty finance firm, today announced a $10 million debt financing for Mindjet Corporation of San Francisco, CA.  Mindjet is a global leader in enterprise innovation and mind mapping software, offering enterprise customers a suite of software solutions that include its SpigitEngage and MindManager platforms.

"Mindjet's software suite allows brands to build and manage innovation programs to gain the most from their employees and customers.  As a global leader in the enterprise innovation market, not to mention its fast growth, Mindjet is a perfect fit for our growth capital," said Mark McQueen, President & CEO of Wellington Financial.

"We continue to expand our global operation and remain committed to being a leader in the innovation space.  We are delighted to partner with Wellington Financial on this financing as we continue to execute on our many growth opportunities," said Scott Raskin, Chief Executive Officer of Mindjet.

Mindjet is backed by leading venture capital firms Investor Growth Capital, Industry Ventures and PICO Holdings.

Wellington Financial LP is a privately-held specialty finance firm providing term, venture and amortizing loans up to $30 million. Wellington Financial LP is currently managing a $600 million investment program with offices in San Francisco, Santa Monica and Toronto.

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