Food Safety Technology Company Will Use Venture Debt Funding to Grow Sales and Marketing
Recently, River SaaS Capital welcomed CM Systems LLC, (ComplianceMate®), a leader in Food Safety Technology and Automation to our portfolio of companies. The organization is experiencing rapid growth and will use our non-dilutive venture debt funding to continue to scale its sales and marketing efforts.
“We’re excited to have ComplianceMate®, in our portfolio,” said Wendy Jarchow, Chief Investment Officer of River SaaS Capital. “This company offers a comprehensive cloud-based food safety system, and we look forward to being a partner as they continue to grow their business and monetize their pipeline.”
ComplianceMate® is an international SaaS company headquartered in Lawrenceville, GA currently supporting Food Service industry customers in 25 countries around the globe including, most recently, China. The Company has had international recognition of its ComplianceMate® system including a Kitchen Innovations® Award recipient from the US-based National Restaurant Association, past selection as a German Innovation Awards recipient from the German Design Council and as a winner of the Internet of Things/Wearable Technologies Innovation World Cup®.
“When we made the decision to pursue growth capital, we knew we wanted a financial partner that would not only provide that capital but also work with us over time,” said Ben Bleicken, Chief Financial Officer at ComplianceMate® “We’ve found this winning combination in River SaaS Capital. The team was outstanding in helping us explore our options and ultimately settle on a solution that would help us achieve our goals.”