San Francisco — December 2, 2019 — Espresso Capital announced today that it has provided workforce communications platform SocialChorus with a $10 million credit facility. The San Francisco-based company is using the funding to support its continued growth.
Founded in 2008, SocialChorus’ innovative platform connects all employees regardless of where they work, aligns company communications and messaging, and allows communicators to measure their program effectiveness. Today, the company helps some of the world’s largest global brands improve the employee experience, including AB InBev, Dow, CSL Behring, Kohler Co., Cargill Inc., American Cancer Society, and PVH Corp. With its comprehensive, end-to-end communications platform, SocialChorus automates and extends communications across the enterprise to align teams around company goals so they can work as one.
“2019 has been a value creation year for us,” says SocialChorus CEO, Gary Nakamura. “The facility from Espresso will provide us the additional capital and runway we need to accelerate our momentum and achieve important financial and operational milestones in 2020. We are always looking for creative ways to finance our growth and venture debt is a great solution. The partnership with Espresso provides us with a facility that meets our specific financing needs and offers tremendous flexibility.”
“SocialChorus has built an impressive business that has tremendous growth potential,” says Espresso Managing Director, Will Hutchins. “We’re excited to be working with the SocialChorus team and to be partnering with the company as it enters this exciting stage in its evolution.”
About Espresso Capital
Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 270 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at www.espressocapital.com.
SocialChorus is the leading workforce communications platform that empowers companies to work as one. We’ve built the only end-to-end solution that can reach, inform, and align every employee from the shop floor to home office. Employees get what they need, communicators and leaders focus on the message, and the platform takes care of the rest. SocialChorus customers include some of the world’s largest global brands including AB InBev, Dow, CSL Behring, Kohler Co., Cargill Inc., American Cancer Society, and PVH Corp. Learn more at www.socialchorus.com.
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