Ecommerce

ecommerce Platform, Sticky.io Closes $90 Million Facility

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sticky.io, a leading ecommerce platform provider for subscription management and recurring billing, today announced that it has closed a $90 million material capital transaction with the Private Credit business within Goldman Sachs Asset Management (Goldman Sachs). The company plans to use the funds to build more functionality into its platform and leverage the relationship for ongoing growth opportunities.

“Our relationship with Goldman Sachs is a reflection of our evolution in a dynamic industry segment,” said Brian Bogosian, president and CEO of sticky.io. “This capital positions the company to continue our rapid growth trajectory for another record year in 2021 and beyond.”

sticky.io is the world’s leading integrated commerce and billing platform, providing an extensive ecosystem of solutions for enterprise merchants that require flexibility and robust analytics, while providing a return on investment from a low-cost, rapid deployment model to get to market faster with a better solution than any other available today.

“Our team is very excited to partner with sticky.io as we see continued opportunities for growth and expanded platform functionality,” said Terence Doherty, Managing Director in the Private Credit business within Goldman Sachs Asset Management. “We were very impressed by Brian and the entire team at sticky.io, and look forward to working with them on their objectives.”

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