GCommerce raises $500k from Agility Capital
Agility Capital has announced that it has closed a $500,000 financing to GCommerce, Inc. The debt facility is in the form of a tiered bridge loan, according to Jeff Carmody at Agility Capital.
GCommerce provides cost-effective, web-based software solutions designed to streamline and improve supply chain operations for manufacturers, distributors, buying groups, and retailers of goods and services. The company is based in Des Moines, Iowa.
Agility Capital provides debt solutions to Venture Capital backed private companies and Small Cap public companies in the technology/communications/medical device and branded consumer products markets.
Agility’s focus is to provide short term loans to technology companies, with a quick turn around through a simplified process that provides entrepreneurs with access to debt capital when they need it. Companies can use the financing to get to the next level, such as a private equity investment, the sale of the company, or a public offering. Agility has offices in Santa Barbara and Menlo Park, California.
Technorati Tags: Agility Capital, GCommerce, debt financing, bridge loan, short term loan
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By cheryl on Jul 21, 2008 | Reply
At a time when manufacturing is struggling to keep costs down companies like Gcommerce, force them to pay twice for EDI documents. The “VAN’s” finally lowered prices and gave flat fees and along comes Gcommerce with their hand out. Gcommerce forces people to use their network only, why can’t they receive documents sent from other networks? You have to pay $250 per Document per Trading Partner, plus monthly rates of $1 per transfer! This is no bargain when small businesses have at least 20 to 30 retailers. Set up would be $5000 to $7500!
By Bill on Dec 8, 2008 | Reply
Their technology isn’t real stable either and it’s a revolving door over there with their staff. I’d expect this bridge loan to run out and given the current climate, they’ll go away.