SG Credit Provides Growth Capital Facility to X1

X1 is a market leader in remote preservation and ESI collection software. The Company’s products are utilized by F500 companies, law firms, and government agencies for legal, compliance, and governance purposes.

X1 required growth capital to continue new product development and to bolster its enterprise sales team.

SG was supportive of the transaction given the Company’s ARR growth, strong enterprise customer retention, and continued investor support. SG structured a $2.5MM non-dilutive credit facility around the Company’s ARR, allowing existing investors to capture upside in enterprise value generated by additional growth. SG moved quickly to close the transaction within three (3) weeks.

SG Credit + Stonegate Capital

SG Credit Partners, with its Stonegate Capital division, is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. We’ve established a broad credit platform consisting of three core strategies: Software & Technology, Consumer Products, and Lower Middle Market Structured Credit.

Efficient in process, thoughtful in approach, and committed to building strong, lasting relationships, our success is measured over the long term by earning the trust of entrepreneurs and their advisors.

Headquartered in Southern California with offices throughout the country, SG Credit Partners, with its Stonegate Capital division, has provided in excess of $500 million to lower middle market entrepreneurs across a variety of industries.