Talentism Secures Funding from Decathlon Capital to Accelerate Platform Development and Growth Initiatives
Summary
Details of the revenue-based financing were not disclosed.Jeff Hunter, Chief Executive Officer and Founder of Talentism, said the learning system has helped more than 800 companies and 4,000 business leaders identify problems earlier and respond to them appropriately, ultimately leading to goal achievement and sustained excellence. "By learning to fix todays problems through our innovative learning system, our clients can drive better outcomes and build for tomorrows opportunities," Hunter said.In exchange for the growth capital, Talentism did not have to give up any equity or ownership as the investment will be re-paid via a flexible royalty tied to the companys future revenues.Wayne Cantwell, Managing Director of Decathlon Capital Partners, said the revenue-based funding approach is a flexible, equity-replacement solution for fast growing companies like Talentism. "The funding will help the company add more client support options while having additional resources to invest in platform expansion for a richer customer experience. By learning the real-time risks that exist across organizations, Talentisms proprietary system companies use data insights to detect and solve these potential dangers and drive organizational excellence. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding.