Behavox secured a $70 million credit facility from Hercules Capital for strategic expansion in compliance solutions.
Oct 31, 2024•about 1 year ago
Amount Raised
$70 Million
information technology & services
Investors
Hercules Capital, Inc.
Description
Behavox has obtained a $70 million credit facility from Hercules Capital to enhance its liquidity reserves for strategic acquisitions and product development. This funding will assist Behavox in expanding its offerings and accelerating its growth plans.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech