TIMIA Capital Corp. closed C$1 million in nondilutive capital from the same Toronto-based institutional investor that invested in January, bringing its total commitment to C$2.5 million.
The investment flowed through the company's co-investor platform, which enables investors to purchase a specified percentage of future cash flows from TIMIA Capital's current portfolio companies. The co-investor's yield will fluctuate relative to the performance of the underlying investments.
As part of TIMIA Capital's active management process, it will keep control, title and security position over the underlying portfolio investments.