Fountain Partners brought a fresh perspective to how we could finance our business without giving up equity or requiring a blanket lien on all of our assets
San Francisco, CA (PRWEB) October 13, 2009
Fountain Partners, a leader in equipment leasing financing for venture stage and hyper growth companies, announced today that it has partnered with Sustainable Spaces Inc. (SSI), a nationally recognized home energy efficiency and home performance consultancy, to provide them with a round of equipment lease financing. The capital infusion will enable SSI to continue to aggressively invest in its infrastructure and answer the increasing demand for its services.
Prior to working with Fountain Partners, SSI primarily paid cash for its capital equipment needs. Many purchases were small and spread out over time, but in aggregate, they became a significant use of precious equity capital. Through Fountain Partners, SSI was able to take back cash provided from its prior venture capital round of equity financing and match funding of its assets with fixed-rate capital.
"Fountain Partners brought a fresh perspective to how we could finance our business without giving up equity or requiring a blanket lien on all of our assets," says SSI CEO Pratap Mukherjee. "They closely examined our business and market position and made a decision quickly that provided us with a flexible sale-leaseback option to help recoup the operating cash needed to expand our business and stay ahead of market demand."
Providing sale and leaseback financing for venture capital-backed companies is one of example of Fountain Partners ability and willingness to continue to fund businesses throughout the recent credit crunch. Acting as a partner committed to its clients' success, Fountain provides customized equipment leasing solutions including equipment lease lines of credit to companies at all stages of growth from pre-revenue to profitable companies generating hundreds of millions in revenues.
"SSI has established itself as a leader in its field with high caliber management and board. They are a trusted consultancy for homeowners looking for ways to make their homes healthier, greener and more energy efficient," says Tom Carter, principal, Fountain Partners. "We worked efficiently with SSI to maximize the cash value of their sale leaseback recognizing that the company has built a solid foundation and is well positioned for growth."
About Fountain Partners
Fountain Partners is a trusted funding source specializing in equipment leasing for venture stage and hyper-growth businesses. By focusing on financing fixed assets, the San Francisco-based investment firm can complement any existing debt or equity capital structure and do so without requiring equity enhancements or blanket liens. Fountain Partners considers investments in companies at any stage, from pre-revenue to large publicly traded companies from a broad network of entrepreneurs, angel investors, venture capitalists, interim CFOs, equipment leasing brokers, venture debt funds and other traditional and non-traditional lenders. For additional information, please visit http://www.fountainpartners.com.
About Sustainable Spaces
Based in San Francisco and founded in 2004, Sustainable Spaces is the leading provider of home performance services, helping homeowners and homebuilders create homes that are comfortable, healthy and energy efficient. A licensed general and solar contractor, the company specializes in home energy audits and green energy remodeling for existing homes. Sustainable Spaces applies building science to quantitatively analyze a home's performance as a dynamic system, so as to tailor a solution to the client's goals, budget, and priorities. The company has been recognized by the U.S. Green Building Council as the case study in their REGREEN Green Remodeling Best Practice Guidelines. For more information, please visit http://www.sustainablespaces.com.