Date: Jan. 17, 2020
Jaspan Schlesinger LLP, led by partner Robert Londin, on behalf of EMPOWERMENT CAPITAL and its affiliates, successfully negotiated and closed an approximate $1 million venture capital investment in a technology start-up.
“Among our year-end transactions, this deal stood out because of the utilization of a Revenue Participation investment in lieu of traditional venture capital investments and/or bridge notes” noted Robert Londin of the JSLLP Corporate and Commercial Transactions Group.
EMPOWERMENT CAPITAL (https://www.empowerment.com) is a collaborative company of family offices that invests in startups and emerging growth companies. EMPOWERMENT CAPITAL customizes its investments on a portfolio company by portfolio company basis and seeks to provide cash to portfolio companies in exchange for a participation in their growing sales.