Flexible Technology Growth Capital

What We Do

Tailored, flexible growth capital solutions for technology and technology-enabled service companies

Growth Debt

  • Term Debt
    Bridge and Standby Facilities

Growth Equity

  • Minority Preferred
    Convertible Instruments

Target Company Profile

Growth stage, seeking expansion capital

INDUSTRY FOCUS
Technology & Technology-Enabled Services (Broadly Defined)

GEOGRAPHY
Across North America

PREFERRED SECTORS
Enterprise Software (SaaS) & Key Verticals (Fintech, Security, Healthcare, Others)

REVENUE
$10+ million run-rate

PROFITABILITY
Not required, growth prioritized

INVESTORS
Bootstrapped or VC / PE backed, private or public.

Background

Funding Use Cases

Expansion

Organic growth initiatives

Acquisitions

Standby or committed
facilities

 Bridging

Between equity rounds, pre-IPO or exit

 Liquidity

Recapitalizations or buyouts of existing shareholders

 Refinancing

Nearing maturity, covenant concerns, or commencement of amortization

Why Vistara Capital?

Flexible, tailored growth capital solutions

Unique ability to invest across the capital structure as debt and/or equity

$5-15 million per investment (ability to syndicate larger deals)

Less dilutive, growth oriented structures. Will also subordinate to existing senior lenders

Flexible duration (1-5 years) and attractive interest only structures

Highly responsive with streamlined and transparent process to close

Industry experienced and connected team

Funded by leading technology executives, family offices, foundations and entrepreneurs

Background

Portfolio

ENTERPRISE SOFTWARE

Productivity suite for investment industry

ENTERPRISE SOFTWARE

Cloud migration and IT services automation

ENTERPRISE SOFTWARE

Agile development planning and automation

HARDWARE

Liquid cooling for data centers

FINTECH

Portfolio valuation and risk solutions software

TECH ENABLED SERVICE

Connected car technology and marketplace

Exited

ENTERPRISE SOFTWARE

Commerce platform for travel industry

Exited

FINTECH

Wealth management and digital investment products

ENTERPRISE SOFTWARE

Conversational AI Powered Chat Bots

ENTERPRISE SOFTWARE

Mobile commerce and engagement platform

Exited
Financial Services Software Company Zafin Receives Funding

FINTECH

Relationship banking solutions

ENTERPRISE SOFTWARE

Offender, probation and community management

Exited

ENTERPRISE SOFTWARE

Video app development platform

Testimonials

  • “Vistara has proven to be a valuable partner. The team takes a proactive approach in understanding the core value of our technology and key growth drivers. Their input has helped us develop an effective and bespoke growth financing solution that has accelerated Blueprint’s sustainable growth trajectory. We appreciate how Vistara often goes the extra mile; our relationship has yielded exceptional benefits through the many meaningful introductions to their extensive and trusted network of contacts.”

    Dan Shimmerman
    CEO, Blueprint
  • “Vistara’s creativity and flexibility stood out as we looked at different capital sources to fund our growth plans.  They stepped up again as we completed an important acquisition soon into our relationship.  Vistara really embodies what it means to be a growth partner, and have proven to bring a lot of value to the table in addition to capital.”

    Jim Schuler
    CFO, Backstop Solutions
  • “Randy has been a very helpful and collaborative partner over a number of years, and in his observer capacity has been an insightful contributor to the executive team and Board. Zafin has used capital provided by funds managed by Randy on two different occasions, in order to accomplish goals at different points in our growth cycle. When seeking capital the second time, based on previous experience we did not hesitate to work with Vistara again. Their patient and creative investment structures have enabled us to fund our continued accelerated growth path, while creating the flexibility to raise traditional equity capital at more optimal junctures and limit overall dilution.”

    Al Karim Somji
    CEO, Zafin
  • “Given their significant experience and exclusive focus on growth stage technology companies, we have found Vistara to be a very flexible and valuable partner as our business continues to scale. Unique amongst venture lenders, Vistara also helped us find and integrate a low cost operating facility from a traditional bank that has significantly reduced our overall cost of capital. Their investment approach was closely aligned with our growth strategy, giving Mobify a firm base from which to focus on expanding our business.”

    Igor Faletski
    CEO, Mobify
  • “We bootstrapped InvestEdge from an idea to servicing over $1 trillion in assets in 17 years. We considered equity financing but instead chose Vistara as our first external investor. They created tailored solution to our capital requirements without creating complex equity structures. Their debt funding was exactly what we needed to launch additional products and continue to grow rapidly. Vistara has been a great partner, providing guidance when needed and allowing us to transform our business.”

    Bob Stewart
    CEO, InvestEdge
  • “Without a doubt, Randy and the team at Vistara are awesome and I would highly recommend them as a partner. Their insight on financing strategy – when and how to consider equity and debt at different points in our growth cycle – has been invaluable in furthering the development of You.i TV. The ability to access varied types of capital through Vistara and their network is just one of the major benefits of working with them. As a Canadian fund complementing our US investment partners, we couldn’t have asked for a better match.”

    Jason Flick
    CEO, You.i

Team

Randy Garg
Founder & Managing Partner
Noah Shipman
Partner
John O’Donoghue
Senior Associate
Kathleen Reaume
Senior Associate