New York — November 23, 2020 — Espresso Capital announced today that it has provided CultureIQ, a leading global culture management platform, with a credit facility for an undisclosed amount. The company, which is backed by Chicago-based private equity firm ParkerGale, will use the capital to help fuel its continued growth.
“We’re thrilled to be partnering with Espresso as we continue to scale our business,” says CultureIQ CEO, Tony Jaros. “The additional capital will help us execute our vision in a tremendous market opportunity.”
“It’s been great working with Tony and his team,” says Mark Gilbert, a Director at Espresso Capital. “CultureIQ has the right leadership and the invaluable support and expertise of ParkerGale to execute on their high-tech, high-touch approach to driving culture at leading organizations.”
“Espresso is great to do business with,” said Ben Falloon, Vice President at ParkerGale. “They’re pragmatic, supportive, and flexible, and were able to structure a deal that really aligns with CultureIQ’s long-term business objectives. We’re looking forward to partnering with them to support CultureIQ’s continued growth.”
Cafferty & Company served as independent advisor to CultureIQ on the transaction.
CultureIQ is the global culture management company that helps organizations drive competitive advantage by aligning culture with business goals. Powered by industry-leading strategists, flexible technology, and a validated research framework, the CultureIQ offering makes what’s good for people good for business. Learn more at www.cultureiq.com.
ParkerGale Capital is a private equity firm based in Chicago that invests in founder-owned technology companies and corporate carve-outs where the firm’s operating resources can have a meaningful impact on the outcome. ParkerGale also hosts the Private Equity FunCast available on iTunes, Google Play and wherever you get your podcasts. Please visit www.parkergale.com to learn more.
About Espresso Capital
Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 275 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at www.espressocapital.com.
Head of Marketing, Espresso Capital