OpenSlate

OpenSlate logo

Company Background:

OpenSlate is a global video analytics company focused on digital video streaming platforms. Among other things, the company provides contextual targeting and auditing solutions for major media buying companies (i.e. advertisers and their agencies) to make more informed decisions when placing ads and evaluating campaign performance.

Services Provided:

Capital Structuring

Situation

OpenSlate was seeking growth capital to pursue specific strategic initiatives and continue positive momentum from rapid expansion in the two preceding years. The company engaged Candlewood Partners to raise Venture Debt, an innovative capital alternative that would provide funding for the company’s continued growth plans while preserving equity ownership for its shareholders.

Transaction Overview

Candlewood executed a broad outreach strategy to identify capital providers in the venture debt space focused on tech-enabled service companies. After narrowing the process to several interested parties, , Candlewood supported the company through the diligence period, led in the negotiation and structuring of terms with an ideal capital partner, and oversaw the closing of the senior secured loan that satisfied the company’s fundraising goals.

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Candlewood Partners, LLC

Established 2001

Cleveland Office: (216) 472-6660

600 Superior Ave. East, Suite 1800

Cleveland, OH 44114

New York Office: (212) 655-9310

477 Madison Avenue, Suite 600

New York, 10022

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