Tag: Element SaaS Finance

Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing
Articles, Featured

Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing

San Antonio-based venture equity firm Scaleworks announced Thursday it spun out a new $10 million debt fund that will provide an alternative source of financing for startups. Called Element SaaS Finance, it was first launched as the Scaleworks Venture Finance Fund in January 2018.John Gallagher took over in January as Element's CEO from Karl Pichler, a former chief financial officer at Rackspace who was a general partner at Scaleworks managing the venture finance fund. Gallagher oversaw venture finance for Scaleworks and has almost 15 years of experience in asset management and financing.Element SaaS Finance aims to help business-to-business (B2B) software as a service (SaaS) startups secure loans to fuel growth. The debt fund looks for companies with a proven product and a stable ...