Foley & Lardner LLP represented parties in raising $13 million in equity and debt for Manufactured Networks Inc., an end-to-end manufacturing, finance and distribution company, to expand its inventory financing solution for consumer brands. The equity financing syndicate was led by Tenacity Venture Capital and TriplePoint Capital led a debt financing syndicate, bringing Manufactured’s total raised capital to $16 million.
Manufactured released its inventory financing solution in late 2021 to help companies improve inventory reliability. Manufactured leverages its vendor network of over 500 vendors across 20 industries in 25 countries to serve over $600 billion of additional demand in industry verticals like health care, food, and lifestyle products.
The additional funding will allow Manufactured to make inventory financing readily available to more companies and build automation around credit underwriting and servicing.
The Foley team representing Tenacity Venture Capital was led by Partner Louis Lehot and included Associate Saige Gallop on the equity investment. Partner Jamie Class represented Manufactured on the inventory financing transaction.
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