has raised capital from an investor group led by
VCG is a provider of software solutions for the staffing industry.
Senior Team
VCG
Type
Capital Raise
Description
has raised capital from an investor group led by
VCG is a provider of software solutions for the staffing industry.
About
VCG provides software solutions for the staffing, IT consulting, executive search, and temporary help industries.
Situation
VCG had recently released its new fully web-native software but had been providing software solutions to the staffing industry since 1994. The Company needed capital to fund: (i) payables related to the development of its new product; (ii) expected growth associated with its new product; (iii) the infrastructure required to support the expected growth, and (iv) continued R&D. Croft & Bender was hired to draft the offering memorandum, market the Company to interested parties and to analyze, structure and negotiate a transaction that would raise the necessary capital.
Result
Croft & Bender successfully raised capital for the Company in two rounds, with the institutional investors including Jefferson Capital Partners, Equity South, Reicon Capital, and Five Paces Ventures. C&B Capital also participated in the transaction.