(MENAFN- GlobeNewsWire - Nasdaq)
TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” and“Company”), a leading provider of flexible growth capital and alternative debt solutions, announces the early repayment of its investment in Heretto (formerly known as Jorsek). Heretto is a SaaS software company providing a cloud-based, highly scalable and configurable knowledge management solution for the technical documentation market.
“Heretto's industry leading component content management platform has empowered many organizations to better streamline content creation and to maximize their content production capabilities. We were thrilled to be a partner with them on their growth journey, providing them the growth capital to bridge to a successful venture investment. We wish them continued success in the future,” commented Alex Baluta, Chief Executive Officer of Flow Capital.
“An early repayment such as this is a reflection of the exponential growth early-stage tech companies can experience with the help of our flexible growth capital. This outcome also speaks to the strength of our origination capabilities and our ability to identify and fund high performance, high growth companies. Finally, these types of investment successes highlight the exceptional shareholder value creation our business model can generate,” Mr. Baluta Continued.
Founded in 2005, Heretto is based in Rochester, NY and Krakow, Poland. Heretto is a leading provider of knowledge management software for technical communications groups around the world, helping companies to solve their complex content problems with a new way of authoring, organizing, and managing their documentation. From growing small businesses to Fortune 500 Enterprises, clients use Heretto's open technology and cloud software products to manage millions of topics in their structured content to educate employees and customers. For more information, visit .
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit .
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