HUNTINGTON BEACH, CA – LEONID Capital Management (‘LCM’), a Department of Defense Trusted Capital Provider, has launched its third US Government Contract Finance investment fund, Leonid Capital Management SPV III. LCM offers true government contract financing in the form of term loans and revolving lines of credit based on the full, future value of contracts. With the successful close and deployment of their previous fund, the firm targets a $50 million close by December 15, 2022. Investment bank Bastiat Partners is leading the current capital raise effort.
Founded in 2019, LCM has completed over 150 transactions across the Federal space and has experienced firsthand the explosive growth that is occurring across the Government Innovation ecosystem. LCM will leverage this progress and finance contractors across the Defense, Space, Intelligence, and Scientific arenas over the next 3 years. Investments will be focused on companies building for the future of US National Security, Commerce, Health, and Ecology, with numerous follow-on lines of credit amongst previously established clients.
“I have no doubt about the abundance of talented Founders or the market opportunity, but the challenges can’t be ignored. Our strategy innovates on so many levels to mitigate risk, be it through our contract diversification, portfolio construction strategy, value creation platform, or the flexible line of credit structure,” said LCM Founding Partner, Chris Lay. “We have a unique recipe, an incredible team, and backers in place to build on the success of the first two investment vehicles and level the playing field for government innovation entrepreneurs across the country.”
The predecessor fund onboarded 34 companies across 20 Federal agencies, with category-leading transactions throughout the Federal ecosystem including Vita Inclinata, The Provenance Chain Network, AguaCulture, Charlotte Biosciences, LitoCorp, and the Justice Solutions Group, among others.
LCM’s focus on reimagining Government contract finance, and working closely with entrepreneurs to scale their businesses means that the impact thesis is embedded in the investment thesis. “Investing and impact don’t have to be mutually exclusive,” said LCM Co-Founder, James Parker.” “Our strategy combines these two critical objectives in one and we believe that is what both founders and investors are searching for.”
About LEONID
LEONID is the leading financial services platform supporting U.S. Federal Government contractors. As an official Department of Defense Trusted Capital Provider, LEONID offers advance financing on all government contracts, including SBIR and STTRs, up to $25MM. The firm can help companies improve their working capital position to help finance growth strategies and manage operating expenses. LEONID contributes 50% of net profits to mission-oriented charitable causes that are committed to veterans’ causes and warfighter support.
Learn more at leonidfinance.io.
Media Contact
Company Name: Leonid Finance
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Phone: +1 (562) 548-4399
Address:16400 Pacific Coast Highway, Suite 214
City: Huntington Beach
State: CA 92649
Country: United States
Website: https://leonidfinance.io/