Happy Holidays from the Hum Capital team!
As the year comes to a close, we’re reflecting on the incredible journey we’ve had at Hum Capital in 2023. It has been a year filled with growth, success, and exciting opportunities for our customers and the achievement of sustainable profitability for Hum as a company which is a milestone that validates the hard work our team has put in over the past 5 years.
Our Strategic Capital team is proud to have more than doubled our capital deployments compared to 2022, supporting 28 new companies in achieving their growth and financing goals. Our commitment to excellence has been further highlighted by our involvement in 5 successful exits, including a leading AWS partner focused on next-gen cloud managed services, a digital agency helping creators and content owners distribute and monetize their content, an E-commerce Software provider with a comprehensive platform for businesses to grow online, a medical device company, and one of the largest online marketplace for shipping containers in the US. We wish these management teams the very best in their future endeavors.
Over on Hum’s Capital Markets team, we have had the privilege of supporting a variety of financings across direct corporate investments and asset-backed finance in both bank and non-bank private credit. Some of the transactions we can disclose publicly include Montage Capital’s financing of a leading provider of AI solutions, strategy, and talent, Mountain Ridge Capital’s financing of a multinational growth consumer business, and an identity-verification SaaS company which has achieved remarkable financial results.
Finally, on the R&D side, we created a comprehensive set of benchmarking features which let companies see how they compare to others who are also in the market raising capital. This helps our companies to approach investors armed with a perspective on their relative strengths and weaknesses. With this information, companies and investors can rapidly pinpoint the material issues to discuss when considering an investment allowing both sides to get to term sheet faster. Additionally, the team delivered an extremely sophisticated set of features which allow investors to screen for the investment opportunities that best match their requirements. 2024 will be about extending this functionality, which has been in private beta, to our broader user base.
We are grateful for the trust and support we have received from our partners, investors, and the companies we have had the pleasure of working with.
As we bid farewell to 2023 and embrace the spirit of the holiday season, we look forward to another exciting year ahead. Bring on 2024! From all of us at Hum Capital, we wish you a belated happy Hanukkah, Merry Christmas and a Happy New Year!
