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TIMIA Capital Announces $1.35 Million Investment into Vancouver-based Startup Company 'Realty Butler Technology Inc.'
Friday, November 10, 2017Company Profile | Follow Company
Vancouver, BC, November 10, 2017--(T-Net)--TIMIA Capital Corporation (TSX-V:TCA) announced this week a $1.35 million investment into Vancouver-based startup company Realty Butler Technology Inc.
Realty Butler is an AI powered marketing service for real estate agents, automating the design and management of their websites, newsletters and social media. This enables real estate agents to look their best online, freeing them to focus on relationships and selling homes. By leveraging proprietary technology to power its products, Realty Butler delivers a high-touch client experience while maintaining SaaS margins.
This latest round of financing will allow for rapid expansion into US and Canadian markets.
The financing facility is $1.35 Million total, with a first disbursement of $500,000 and a further $850,000 to be disbursed upon certain milestones being met over the next 12 months.
Realty Butler is led by Co-Founder and CEO Chris Troelstra (pictured above) who was previously a co-founder and Director of Finance and Brand Development at JSFX AutoLabs, and a senior accountant at Grant Thornton (2009-2013), and by Co-Founder and COO Rebecca Troelstra who was most recently Manager of Business Development at RE/MAX Little Oak Realty, and also has previous startup experience.
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This most recent investment brings the total number of active investments in the TIMIA portfolio to 6 and the disbursed $ value of active investments to $7.05 Million.
“With this latest investment into Realty Butler, TIMIA has grown the $ value of its portfolio by 40% over the past month” commented Mike Walkinshaw, CEO of TIMIA. “Putting our cash resources to work will continue to improve our financial statements.”
About Realty Butler
REALTORS® often have too much on their plate. They are expected to be available around the clock and at the same time to be masters of social media, design and more. Our aim is to provide REALTORS® with a team so that they can be everywhere they need to be and have the necessary expertise in all areas.
To accomplish this, we have gathered a group of like-minded people with diverse skills and built them amazing tools. This makes things simple, and we believe that simple is better.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for payments tied to revenue and bonus payments upon exiting the investments. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain a greater share of their business.
TIMIA's target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring, compliance and workouts. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact:
Mike Walkinshaw
Chief Executive Officer
TIMIA Capital Corporation
(604) 398-8839
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any obligation to update the forward-looking statements except as required by law.
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