SLR Digital Finance LLC (“SLR Digital Finance”) announces the funding of an asset-based revolving credit facility for DeepIntent. The facility consists of a $40MM revolver with a sublimit for unbilled receivables.
As one of the pioneers in advertising technology for healthcare marketers, DeepIntent and its 220+ dedicated employees across four different countries have built a robust healthcare advertising platform that empowers marketers to plan, activate, and optimize their digital ad campaigns on a single platform.
“DeepIntent is a long-established industry leader,” said Randy Mitzman. “We look forward to working with this experienced team as they accelerate their growth and continue to provide superior advertising solutions to their customers.”
The proceeds provide the business with additional working capital as the company continues to scale the platform and onboard new advertisers and agencies.
“DeepIntent has been leading the healthcare advertising industry with data-driven solutions and bespoke technology,” said Chris Paquette, Founder and CEO of DeepIntent. “From day one, our mission has been to improve patient outcomes through the artful use of advertising, data science, and real-world clinical data. This funding will enable us to continue to lead pharma into the future by innovating and marketing to the future that is, not the past that was.”
DeepIntent is leading the healthcare advertising industry with data-driven solutions built for the future. Built purposefully for healthcare marketers, DeepIntent’s platform is proven to drive higher audience quality and script performance. It enables marketers to plan, activate, measure, and optimize their campaigns all within a single platform. Conceived by former Memorial Sloan Kettering data scientists, DeepIntent empowers nine of the top ten pharmaceutical companies and the leading healthcare advertising agencies to improve patient outcomes through the artful use of advertising, data science, and real-world health data.
About SLR Digital Finance
SLR Digital Finance (SLRDF) 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].