Banking News

Palm Tree Advises The Neato Company on Debt Financing to Support Rapid Growth

Palm Tree Advises The Neato Company on Debt Financing to Support Rapid Growth

Palm Tree LLC, the modern M&A advisor that provides integrated investment banking and consulting services for private equity firms and businesses worldwide, announced its Investment Banking team advised on a successful debt financing transaction for The Neato Company with funds being provided by an institutional investment fund. Financial details of the private transaction were not disclosed.

Based in Las Vegas, Neato is a digital and data-centered marketing company that uses proprietary data analysis models and digital customer retention tools to help brands in the world manage and grow their e-commerce presence on Marketplaces. Today, Neato is a top 500 storefront on Amazon with a presence in eight countries around the world. The financing will help the company to execute its aggressive growth goals globally.

Latest Fintech News: Paymentology And Mastercard Partner To Promote Northern Central American Financial Inclusion

“We were very pleased to assist Neato with raising debt to support the company’s rapid growth,” said Phillip Cooper, Managing Director of Palm Tree. “This successful debt financing provides Neato the funds to expand its operations and accelerate customer acquisition while minimizing debt amortization and the ownership dilution that an equity raise would deliver in a difficult market.”

“As a strategic partner that accelerates brand success on digital marketplaces, Neato saw explosive growth during the pandemic, when many retailers refocused on e-commerce,” said Anthony Connelly, CEO of Neato. “This new financing will enable us to continue on our growth trajectory, invest in new technology and resources, and continue to exceed expectations in helping brands achieve their maximum potential online.”

Latest Fintech News: Regions Bank Announces Sabal Capital Partners has Officially Transitioned to the Regions Real Estate Capital Markets Brand

Founded in 2018, Neato has doubled its headcount in the past two years, landing on the INC. 5000 “Fastest Growing Companies” list at #39 in 2022. In that same year, Neato earned the #1 spot on the INC. 5000 list of “Independent Advertising & Marketing” firms because of the firm’s impactful work with brands including Dot’s Homestyle Pretzels, KLN Foods, Wiley Wallaby Licorice, Earth Animal, and Cosmos Corporation.

Latest Fintech News: OneBlinc Secures $100 Million Credit Facility with Clear Haven to Fuel Growth of Underserved Credit Products

[To share your insights with us, please write to]

Related posts

Paso Robles Mortgage Lender Releases ‘Tips For Finding The Best Lender’

Fintech News Desk

DeFi Connect Warms up for DefiPay Launch for More Convenient Payments

Fintech News Desk

Only 18 Percent of Fintechs and Financial Services Organizations Believe Their Credit Risk Models Are Highly Accurate

Fintech News Desk