Extensiv, an El Segundo, CA-based leader in omnichannel fulfillment solutions, received a a senior secured term loan of $80m.
Runway Growth Capital provided the debt financing.
The funding will be used to refinance existing debt and provide additional working capital, while also enhancing Extensiv’s product suite and organic / inorganic growth strategies.
Led by Andy Lloyd, CEO, Extensiv is at the forefront of supply chain and eCommerce technology, providing fulfillment tools across numerous sectors. The company partners with entrepreneurial brands and third-party logistics providers to optimize supply chain operations. With a network of 2,000 third-party logistics warehouses and a suite of integrated warehouse, order management, and inventory management SaaS products, The company’s cloud-native platform enables merchants and brands to quickly, efficiently and reliably meet demand in a dynamic direct-to-consumer (“DTC”) and business-to-business (“B2B”) environment.
FinSMEs
12/12/2022