Tenna, LLC
Company: Tenna, LLC (“Company”)
Financing Amount: $6,000,000
Financing Date: August 23, 2021
About the Company
Tenna, LLC (“Company”) is a construction technology platform that revolutionizes equipment fleet operations. Going beyond tracking, Tenna blends cutting-edge technology with more than 100 years of construction experience to help companies know more, control more and make more. With their technology and products, construction companies are better able to manage and track their mixed asset fleet using real-time data and analytics.
Situation
The Company needed to fund the purchase of inventory hardware to support the growth of their software-as-a-service (SaaS) business. With the growing amount of clients in addition to the requirement of construction specific hardware, Tenna needed a lease facility that was scalable and also cognizant of the nuances of the industry.
Solution
Alantes secured a $6,000,000 machinery and equipment lease facility that allowed the Company to obtain additional inventory in order to fully service the additional customers and business they were experiencing. “Being in the construction business necessitated a lender that was comfortable with the industry in addition to the type of equipment,” said Tenna’s Marc Hesse. “We were fortunate to have been able to work with and successfully close the financing with Alantes. It was a smooth and seamless process and the solution they secured allows the facility to scale as our business continues to boom.”
About Alantes
Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.
For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
234 5th Avenue, 2nd Fl
New York, NY 10001
www.alantes.com
