For Immediate Release
January 7, 2020
SAGE GROWTH CAPITAL ANNOUNCES CLOSE AND
INCREASES INVESTMENT IN KILLER CREAMERY
Oversubscribed Fund Closes
Sage Growth Capital announces the successful close of its revenue-based fund as of December 31, 2019. Strong investor demand allowed the fund to exceed its target of $2,000,000 and close to admitting new investors 6 months early. Total investment commitments in the fund were $2,115,000. Managing Partner Denise Dunlap says, “We are humbled that so many people have chosen to join us in exploring this new model of investment that will benefit both investors and entrepreneurs. We are happy to be done with fundraising and excited to shift our focus to making investments!”
Investment in Killer Creamery
The fund also announced it has increased its earlier investment from $200,000 to $300,000 in Killer Creamery, an Idaho company that makes keto-friendly ice cream. The company’s sales performance continues to exceed expectations, which warranted the additional investment. Investment Partner Molly Otter says, “This additional investment will support the company by allowing them to focus on fulfilling orders rather than continuing to raise funds. We are glad to be a continuing partner in support of Louis and his team.”
For more information on Killer Creamery or to find locations that sell their product, visit: www.killercreamery.com.
Sage Growth Capital makes revenue-based investments in regional companies who need growth capital. It is our mission to provide a more flexible funding option to growing companies who do not fit traditional equity or lending models. To learn more about Sage Growth Capital or to apply for funding visit: www.sagegrowthcapital.com.