SLR Digital Finance Provides a $4 Million Line of Credit to leading In-Game Digital Advertiser, Super League Enterprise
SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $4 million credit facility for Super League Enterprise (Nasdaq: SLE), a leading strategically integrated publisher and creator of games and experiences across the world’s largest immersive digital platforms.
Super League Enterprise stands at the forefront of in-game advertising, delivering unparalleled access for brands and advertisers to expansive audiences in metaverse gaming powerhouses such as Roblox, Minecraft, Fortnite, and popular Web3 environments. The $4 million credit facility from SLR Digital Finance is poised to support Super League Enterprise in advancing its strategic initiatives and reinforcing its position as a leader in the immersive digital advertising space.
In conjunction with this announcement, Super League Enterprise disclosed the successful completion of two tranches of private financing, generating aggregate gross proceeds of approximately $8.354 million in equity financing. Ann Hand, CEO of Super League Enterprise, remarked, “This latest private financing capital injection, along with the AR facility, will effectively fund our operations, facilitate the execution of our growth initiatives, and secure our 2024 path to profitability.”
Ashvin Viswanathan, VP of Business Development at SLR Digital Finance, commented, “SLR Digital Finance is pleased to support Super League Enterprise with their growth initiatives for 2024.”
About Super League Enterprise: Super League Enterprise (Nasdaq: SLE) is a leading strategically integrated publisher and creator of games and experiences across the world’s largest immersive digital platforms. With a focus on metaverse gaming and Web3 environments, Super League Enterprise provides unprecedented opportunities for brands and advertisers to engage with massive audiences in immersive digital spaces.
About SLR Digital Finance: SLR Digital Finance is the leading asset-based lender serving digital media companies looking for an alternative to traditional bank financing. SLRDF offers factoring and asset-based loans up to $100 million and finds ways to provide borrowers with maximum availability and flexibility. SLRDF serves advertising technology companies, publishers, ad networks, creative studios, agencies, and digital platforms. SLRDF is a wholly owned subsidiary of SLR Business Credit (an SLR Investment Corp company; NASDAQ: SLRC). For more information, visit slrdigitalfinance.com.