TransactionFirePower provided Gap Debt financing to Sprout Wellness
Capital — Private Debt
Software & Tech
FirePower's Private Debt division provided gap debt to Sprout Wellness, a health engagement platform that helps employees to get fit and empowers employers to manage and quantify their corporate wellness. The funds were used to execute on its growth strategies.
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Since our launch in 2012, Sprout has become a leading workplace wellbeing platform, with a vision to become a global leader in technology-driven health and wellness solutions. Achieving our next phase of international growth required financing, and we considered several possible options, including FirePower’s private debt. The FirePower team dug in and worked to structure a non-dilutive, flexible debt offering that ultimately provided the best fit with our financing objectives.