Lago Innovation Fund

Exploration is the engine that drives innovation. Innovation drives economic growth.
– Edith Widder

 
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LAGO Supports Growth.

We focus our efforts on investing in companies that are engaged in disrupting the status quo in their native industries or creating de novo markets through the offering of innovative products, services or technologies, or by creating novel technology-enabled business models aimed at enhancing efficiency, customer experience, and/or speed to market. We call the pursuit of this disruption and the participants thereof the “Innovation Economy.”

We believe that virtually every corner of the economy is undergoing substantial disruption, and LAGO supports innovative companies across industries with bespoke growth capital solutions that align with contemporary business models. LAGO primarily provides venture debt financing customized to meet your particular needs as you scale your business, be it working capital, asset purchases, operating expenses, acquisitions, or other strategic growth initiatives. Taking a holistic look at your business, our term loans are structured based on multiple factors relevant to your business, which often leads to structures that provide more upfront growth capital with more flexible terms than your traditional credit provider would offer. Our debt products are designed to work in concert with sponsors’ existing equity investment, at a lower cost and dilution, to prolong the period to future equity raises and debt refinancings. Additionally, LAGO can provide equity support alongside sponsors through minority equity co-investments.

Areas of Current Emphasis:

XaaS

XaaS

Mobility

Mobility

Gaming / eSports

Gaming / eSports

Health + Wellness

Health + Wellness

Food + Beverage

Food + Beverage

eCommerce

eCommerce

Typical Structure:

Size: $3MM - $25MM

Seniority: 1st Lien term loans

Maturity: up to 48 months

LTV of less than 50%

General Criteria:

Net Revenue: $10MM - $100MM

Minimum Revenue Growth (YOY): 20%

Equity Stage: Series A or later

Cashflow Break-even: positive or achievable within 24 months

Typically backed by Venture Capital or Private Equity

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