The Industry and Company
A venture capital backed edge cloud services provider operates on a global basis. They have already developed strong relationships with customers within a rapidly growing industry. During the pandemic, the Company saw an increase in network traffic and content consumption.
The Company sought financing for IT assets to support its expanding customer base. The equipment includes hard drives, motherboards, servers, and various other tech gear needed for growing operations.
Atalaya provided a ~$5M sale-leaseback to the Company. This transaction enabled the Company to increase its liquidity and deepen relationships with new and existing customers.