Predict your next investment

Wellington Financial company logo
Debt & Specialty Finance
FINANCIAL | Lending / Commercial
wellingtonfund.com

See what CB Insights has to offer

Investments

70

Portfolio Exits

44

Funds

4

Partners & Customers

1

Service Providers

3

About Wellington Financial

Wellington Financial is a specialty finance firm providing term and amortizing loans up to $30 million and venture debt loans up to $10 million.

Wellington Financial Headquarter Location

Scotia Plaza 40 King St West, Suite 5001

Toronto, Ontario, M5H 3Y2,

Canada

416-682-6007

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Wellington Financial News

Clairvest Announces Sale of Wellington Financial

Feb 4, 2019

Toronto, Ontario (January 8, 2018) – Clairvest Group Inc. (TSX: CVG) (“Clairvest”) today announced that it has sold its interest in Wellington Financial’s G.P. and the loan assets of Wellington Financial Fund V L.P. (“Wellington Financial”) to CIBC, a leading Canadian-based financial institution with 11 million clients and a market capitalization in excess of $50 billion. Wellington Financial is a privately-held provider of growth capital to the innovation economy that Clairvest launched with Mark McQueen, Wellington’s President & CEO, in 2000. Since its inception, Wellington has become a leader in its sector across five institutionally-backed funds. Wellington provides venture loans to technology and life science companies across Canada and the United States. Wellington has grown to finance over one hundred North American-based growth companies from its Toronto base and its additional presence in Menlo Park, Santa Monica and New York City. Recently, UK-based Preqin named Wellington as one of the “Most Consistent Top Performing” Debt Fund Managers in the world. Since inception, Wellington delivered unlevered net returns in excess of 11.0% to its institutional, fixed income investors (after fees, credit provisions and upside sharing). “Our partnership with Mark McQueen and his team has exceeded our hopes. We have built a great business for our institutional investors as well as our team, while delivering true value to our portfolio companies. It has been a privilege to be affiliated with the Wellington team and their success,” said Ken Rotman, CEO of Clairvest. “In the 18 years since we co-founded Wellington, we have watched with great pride as the team defined its market and took a leading role with outstanding metrics. We support Management’s desire to move to new heights with the capabilities and support of CIBC, and wish them continued success.” “On behalf of the Wellington Financial management team, we thank Ken Rotman and his colleagues at Clairvest for what has been defining support and guidance over the past 18 years,” said Mark McQueen, President & CEO of Wellington Financial. “We are proud of our track record of 18 consecutive profitable years, the opportunity we’ve had to finance so many talented entrepreneurs, and are excited to continue to be a valuable contributor in the venture space for many years to come,” added Mr. McQueen. “Over almost 20 years, through the dot-com bust, the global financial crisis and the recent tech boom, our business relationship with Clairvest has personified its partnership approach to investing.” The sale of Clairvest’s interest in Wellington Financial is expected to increase Clairvest’s book value by approximately $1.15 per share calculated based on the fair value of Clairvest’s investment in Wellington Financial as at September 30, 2017. Clairvest will continue to participate in its pro rata share of any profits realized from warrants previously granted to Wellington’s institutional funds. Contact Information

Wellington Financial Investments

70 Investments

Wellington Financial has made 70 investments. Their latest investment was in Agilence as part of their Growth Equity on August 8, 2017.

CBI Logo

Wellington Financial Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/14/2017

Growth Equity

Agilence

$4M

Yes

3

6/12/2017

Debt

Exari

$24M

Yes

1

5/24/2017

Series E

Peloton

$325M

Yes

Balyasny Asset Management, Comcast, Fidelity Investments, GGV Capital, Kleiner Perkins Caufield & Byers, NBC Universal, QuestMark Partners, and True Ventures

2

2/13/2017

Loan

Subscribe to see more

$99M

Subscribe to see more

10

2/10/2017

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/14/2017

6/12/2017

5/24/2017

2/13/2017

2/10/2017

Round

Growth Equity

Debt

Series E

Loan

Series B

Company

Agilence

Exari

Peloton

Subscribe to see more

Subscribe to see more

Amount

$4M

$24M

$325M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Balyasny Asset Management, Comcast, Fidelity Investments, GGV Capital, Kleiner Perkins Caufield & Byers, NBC Universal, QuestMark Partners, and True Ventures

Sources

3

1

2

10

10

Wellington Financial Portfolio Exits

44 Portfolio Exits

Wellington Financial has 44 portfolio exits. Their latest portfolio exit was SparkPost on April 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/28/2021

Acquired

$991

MessageBird

22

9/9/2020

Acquired

$991

Omnitracs

5

7/17/2020

Acquired

Astute Solutions

7

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

4/28/2021

9/9/2020

7/17/2020

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

$991

Acquirer

MessageBird

Omnitracs

Astute Solutions

Subscribe to see more

Subscribe to see more

Sources

22

5

7

10

10

Wellington Financial Fund History

4 Fund Histories

Wellington Financial has 4 funds, including Wellington Financial Fund V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/31/2015

Wellington Financial Fund V

Mezzanine (Third-Party)

$300M

2

4/5/2013

Wellington Financial Fund IV

Subscribe to see more

$99M

10

12/31/2006

Wellington Financial Fund III

Subscribe to see more

$99M

10

12/31/2003

Wellington Financial Fund II

Subscribe to see more

$99M

10

Closing Date

10/31/2015

4/5/2013

12/31/2006

12/31/2003

Fund

Wellington Financial Fund V

Wellington Financial Fund IV

Wellington Financial Fund III

Wellington Financial Fund II

Fund Type

Mezzanine (Third-Party)

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$300M

$99M

$99M

$99M

Sources

2

10

10

10

Wellington Financial Partners & Customers

1 Partners and customers

Wellington Financial has 1 strategic partners and customers. Wellington Financial recently partnered with QLess on March 3, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

3/14/2016

Partner

QLess

United States

QLess Raises $3.5 Million Growth Capital from Wellington Financial

QLess CEO Alex Backer said , `` We are proud to partner with Wellington Financial LP , a distinguished firm with vast resources .

2

Date

3/14/2016

Type

Partner

Business Partner

QLess

Country

United States

News Snippet

QLess Raises $3.5 Million Growth Capital from Wellington Financial

QLess CEO Alex Backer said , `` We are proud to partner with Wellington Financial LP , a distinguished firm with vast resources .

Sources

2

Wellington Financial Service Providers

3 Service Providers

Wellington Financial has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Service Provider

Subscribe to see more

Subscribe to see more

Associated Rounds

Subscribe to see more

Subscribe to see more

Provider Type

Counsel

Subscribe to see more

Subscribe to see more

Service Type

Subscribe to see more

Subscribe to see more

Partnership data by VentureSource

Wellington Financial Team

3 Team Members

Wellington Financial has 3 team members, including current Chief Financial Officer, Amit Rajput.

Name

Work History

Title

Status

Amit Rajput

Chief Financial Officer

Current

Shawn Brydge

Executive Vice President

Current

Melvin Kaplan

Owner

Former

Name

Amit Rajput

Shawn Brydge

Melvin Kaplan

Work History

Title

Chief Financial Officer

Executive Vice President

Owner

Status

Current

Current

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.