Westlake, OH – March 11, 2020 — River SaaS Capital is pleased to announce it has welcomed Joe Granzier as Chief Development Officer. Mr. Granzier will be focused on managing River SaaS Capital’s investor relations and devising strategies for fund growth.
“We’re thrilled to welcome Joe to River SaaS,” said President Matt Kennedy. “He brings extensive knowledge and widespread relationships to our organization, and his efforts will be instrumental in the growth of our funding solutions to SaaS companies across the U.S.”
Before joining River SaaS, Mr. Granzier spent over 30 years in high-net worth portfolio management, corporate retirement plan consulting and education funding strategies. He has worked for both public financial conglomerates as well as smaller boutique investment firms and has been a participant in the esteemed Securities Institute Association (SIA) at the Wharton School of Business, University of Pennsylvania.
Mr. Granzier holds multiple industry licenses (6, 66, 7, life, health, LTC) and is a certified Accredited Investment Fiduciary (AIF). He is a graduate of The Ohio State University and St. Ignatius High School. Mr. Granzier believes in strong community involvement and sits on the board of several non-profit organizations, including Malachi House (former Board Chair) and Shanerock. He resides in Westlake, Ohio with his wife Melissa and their four children.
“I’m excited to join the team,” said Mr. Granzier. “River SaaS maintains a unique offering in the market, and I look forward to supporting the expansion of these capabilities for our current and prospective portfolio companies.”
Based in Westlake, Ohio, River SaaS was founded in 2015 as a provider of venture debt to growing software-as-a-service (SaaS) companies throughout the United States. In 2019, River SaaS announced the expansion of its financing capabilities to include equity-based solutions.
Initially, River SaaS typically provides between $500K to $1.5M to qualified new borrowers with Monthly Recurring Revenue (MRR) of at least $150k. River SaaS prides itself on its ability to grow with its portfolio companies over time, with the ability to lend up to $4M of either debt or equity to established borrowers.
River SaaS Capital’s breadth of capabilities allow it to further the strategic partnership that growth companies require and are seeking. Few businesses can survive without some form of financing, and determining the right form, timing and terms can be difficult. River SaaS is confident that its ability to provide both types of financing with flexible terms and structures serves as a unique partnership for its portfolio companies and others that fit its criteria.
To learn more about River SaaS and its financing options, please visit www.riversaascapital.com.
About River SaaS Capital
River SaaS Capital provides alternative venture financing to growing software-as-a-service (SaaS) businesses in the U.S. River SaaS offers fast, flexible financing solutions, typically providing non-dilutive, revenue-based financing to qualified new borrowers in 36–48 month term loans and growing with its portfolio companies over time (via either debt and/or equity). For more information, check out our funding solutions and follow @riversaascap on Twitter.