Ascendant supports growth with funding package from Decathlon Capital Partners
Summary
Details of the revenue-based investment package were not disclosed.Ascendant will use the capital to grow the revenue of its five portfolio brands and expand through further acquisitions. "And for more than a decade, our team -- now led by our CEO, Cameron Fredrickson -- has successfully built businesses and executed growth for brands in Amazons dynamic marketplace, also by investing in the Shopify platform and retail channels. "Headquartered in Logan, Utah, Ascendant will repay the investment by Decathlon Capital Partners through its future revenues. 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. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors.