River SaaS Capital, a private venture debt fund lending growth capital to Software as a Service (SaaS) companies, announced that it has provided non-dilutive capital to ZynBit, a SaaS provider for Sales Professionals. ZynBit will use the proceeds to help fund its sales intelligence roadmap and scale its sales and marketing teams.
Raleigh, North Carolina based ZynBit is one of the most popular applications on the Salesforce AppExchange. It builds intelligent sales automation for the next generation of leaders focused on revenue growth while delivering a superior customer experience. ZynBit helps companies leverage real-time information to out maneuver the competition, acquire and retain their ideal customers and attract top talent.
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“The River SaaS Capital partnership is strategic for us at this stage, helping ZynBit to manage scale, cashflow and dilution,” said Phil Dixon, CEO at ZynBit. “We’ve been impressed with the River SaaS team’s responsiveness, flexibility and knowledge of our needs. We’re thrilled to join the River SaaS family.”
The funding from River SaaS will enable ZynBit’s management team to scale the business aggressively without giving up equity in the company. Furthermore, River SaaS has the flexibility to be able to invest additional capital as the company grows.
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“ZynBit is an impressive organization,” said Wendy Jarchow, Chief Investment Officer of River SaaS Capital. “We’re thrilled they chose River SaaS as their capital partner and look forward to working with them to accelerate their growth.”
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