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Excedr raises $25 million in growth capital, including $8 million in equity and a $17 million credit facility, to expand its life sciences equipment leasing platform.
Amount Raised
$25 Million
Round Type
Debt Financing
San FranciscoBiotechnologyInvestors
Description
Excedr, Inc. announced the closing of $25 million in growth capital, consisting of a $17 million senior credit facility from BOK Financial and $8 million in equity from existing investors. The funding will support the continued expansion of Excedr's equipment leasing portfolio. BOK Financial's facility is structured to meet increasing demand for non-dilutive financing solutions in the life sciences sector
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