CapitalStream | Press Releases

– CapitalStream, a leading transaction automation provider for the financial services industry, today announced it has closed a $20 million round of venture financing led by an investment from FTVentures with additional investment from existing investors Polaris Venture Partners, Spectrum Equity Investors, Voyager Capital, Merrill Lynch KECALP and the Benaroya Company. The strong interest in CapitalStream by leading investors is a result of two factors: CapitalStream�s proven business model and its success in helping the commercial finance industry to better automate customer management, transaction management and integration with back office systems.

This round of financing will take CapitalStream to its break-even point, as the company moves toward profitability. CapitalStream has seen a steady increase in revenues, subscribers and contract values since launching its network-enabled e-finance infrastructure in April 2000. Some of CapitalStream�s key customers include Textron Financial Corporation, Siemens Financial Services, Inc. and Bank of America.

�CapitalStream has been the beneficiary of the �flight-to-quality� that is occurring in the venture community. This round of funding validates our networked solution, as well as our leadership position within the commercial finance automation industry,� said Stephen Campbell, president and CEO of CapitalStream. �We will continue to improve our applications and services with aggressive product development, while expanding our customer service. �

�CapitalStream is the leading solutions provider in this market segment and is well positioned for continued success,� said Richard Garman, General Partner of FTVentures. �The CapitalStream team has exceptional industry knowledge, a superior product set and a growing customer base. We are very pleased to be a partner in helping the company continue to grow.�

Seattle-based CapitalStream provides hosted e-commerce solutions for commercial financing, a $4 trillion global industry. The company provides infrastructure and tools that enable finance companies and manufacturers to create branded financing sites, tailor finance programs, build credit workflow, retrieve credit scores and content, and offer financing at the point of sale. CapitalStream, an established industry leader for more than five years with deep knowledge about the inner workings of the financing world, has helped several hundreds of financial organizations increase their competitiveness, customer service and profitability.