The Industry and Company
A leading online education platform (the “Company”) helps deliver educational programming and content online. Education programs that the Company supports range from short boot camps and seminars to accredited degree programs.
COVID-19 has been a catalyst to the demand for online education and is expected to result in increased adoption of online education more broadly.
The Company sought equipment financing to support their expanding operations. Funding will be used to purchase the necessary materials to onboard new employees. Recognizing the strong value proposition, Atalaya committed to providing ~$10 million in equipment lease financing to the Company.