Equipment Leasing and Finance Association - Equiping Business for Success

Boston Financial & Equity closes two new transactions

Posted 11/13/2017

Boston Financial & Equity closed two deals totaling $500,000.  The first company was founded in 2015 with a $15 million investment from a global healthcare investment firm. The company focuses on a new drug development and therapy using the patients own cells. Although the company only has 4 months of cash left, they do have remaining availability on a line with an investor. The equipment, an Imaging system, is used to evaluate drug candidates for delivery into the tissue. Their second new lessee incorporated a year ago, and already has partnered with a tier one technology manufacturing company in Japan. They have raised a $3 million seed round and are expecting to raise an 8 figure series A once they finalize their software. Their technology will transform cloud computing. They are currently on a first schedule of equipment consisting of services and switches for R&D.

Related Resource http://www.bfec.com
Author
Deborah Monosson
Organization
Boston Financial & Equity Corporation
Phone Number
617-267-2900

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