Exploration is the engine that drives innovation. Innovation drives economic growth.
– Edith Widder
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
Mobility
Gaming / eSports
Health + Wellness
Food + Beverage
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