Skip to main content

Flow Capital Announces Repayment of Echobox Investment

Written by Customer Service on . Posted in Public Companies.

TORONTO, ON, Jan. 04, 2024 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces the repayment of its US$6,000,000 (C$7,935,600) investment in Echobox Ltd. (“Echobox”).

Echobox is a fast-growing, research-focused company offering publishers of all sizes the most advanced technologies to help automate and optimize their content. Their technology currently publishes over 10 million pieces of content and reaches billions of readers each year.

“We were thrilled to be a partner with them on their growth journey and to provide them the capital needed to accelerate their growth,” said Alex Baluta, Chief Executive Officer of Flow Capital. “With the help of our capital, companies are able to execute on their growth plans and avoid taking on excessively dilutive financing. We are glad we had the opportunity to partner with the team at Echobox and we wish them continued success and growth in the future,” Mr. Baluta continued.

“We remain committed to identifying and supporting high-performing companies. The capital returned from the Echobox investment will be reinvested into new opportunities, in pursuit of interest income and warrant based equity gains, creating more value for Flow Capital shareholders.” said Alex Baluta.

Flow Capital invites growing technology companies, seeking covenant light founder-friendly growth capital, to apply for funding directly on their website at www.flowcap.com/apply.

About Flow Capital 

Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. For more information on Flow Capital, please visit www.flowcap.com.

For further information, please contact:

Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com

47 Colborne Street, Suite 303,
Toronto, Ontario M5E 1P8

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.