Tuesday, June 28, 2011

LendAmend Gets $750K

Los Angeles-based LendAmend, a developer of online software for managing the amendment of leveraged loans, has raised $750,000 in a Series A funding round. The round came from the Tech Coast Angels. LendAmend's web-based software is used for workflow automation in the lending industry, for CLO managers, banks, hedge funds, insurance companies, asset managers, mutual funds, and other institutional investors in the syndicated bank loan market. The TCA's investment in the firm was led by Doug Swets. More information »

---