Flow Capital Announces Repayment of a Legacy Investment
TORONTO, October 3, 2024 – Flow Capital Corp. (TSXV: FW) (“Flow Capital”), a leading provider of flexible growth capital solutions, is pleased to announce the final payment of C$1.48M related to a legacy investment.
Although the investment was made over 7 years ago, the cumulative return represented an IRR of just over 31%. The capital returned from this investment will be reinvested into new opportunities, in pursuit of interest income and warrant-based equity gains, creating more value for Flow Capital shareholders.
Flow Capital continues to focus on providing flexible growth financing solutions to small and mid-cap high-growth companies across multiple sectors. With the help of our capital, companies are better able to execute their growth plans, scale their operations more aggressively, and seize unique opportunities, all while avoiding excessively dilutive financing or restrictive equity-based relationships.
Growing companies seeking covenant-light, founder-friendly growth capital are invited to apply for funding directly at www.flowcap.com/apply.
About Flow Capital
Flow Capital Corp. is a Canadian-based, publicly listed venture debt lender dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $1 to $7 million in capital to drive their continued expansion. For more information, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
[email protected]
47 Colborne Street, Suite 303,
Toronto, Ontario M5E 1P8
Forward-Looking Information and Statements
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
