Reflexis Systems, Inc., a Dedham, MA-based provider of a Retail Execution Management Platform that helps retailers turn strategy into action, closed a $3.0m growth capital facility from Velocity Financial Group, Inc.
Reflexis is backed by FirstMark Capital.
Commenting on the deal, Dan Clarke, CFO of Reflexis, was quoted as saying: “We are very pleased to partner with Velocity on this financing.
“In taking the time to understand our business and our financing objectives, Velocity structured a facility that fuels our growth plans and complements our existing capital structure. The Velocity team ran a very efficient process that allowed us to focus on meeting the needs of our customers, and we look forward to building our long term relationship”.