has issued Series C Preferred Stock to an investor group led by
Q2ebanking is a leading provider of innovative e-banking solutions.
Senior Team
Q2ebanking
Type
Capital Raise
Description
has issued Series C Preferred Stock to an investor group led by
Q2ebanking is a leading provider of innovative e-banking solutions.
About
Q2ebanking is a leading provider of innovative e-banking solutions to community and regional financial institutions. The Company leverages its advanced, integrated enterprise SaaS platform solution to deliver customized solutions and drive differentiated value for approximately 400 financial institution customers, reaching over 3 million online users.
Situation
Croft & Bender was hired to represent the Company in a growth recapitalization transaction to obtain growth capital to expand the current business, while also allowing shareholders an opportunity to liquidate a portion of their ownership. Croft & Bender identified the most relevant funds, managed the process and assisted the Company in structuring and negotiating the most favorable terms.
Result
Croft & Bender successfully negotiated the growth recapitalization of the Company which was led by Battery Ventures, and included existing institutional investors, Adams Street Partners and C&B Capital.