Securing 3x Target Funding to Fuel Global Expansion

Company Overview

Rezatec is a high-growth UK-based SpaceTech company delivering geospatial data analytics on a Data-as-a-Service model. Serving clients across agribusiness, energy, water, forestry, urban infrastructure, and FMCG, Rezatec’s international client base accounts for 75% of its business.

Challenge

Rezatec’s innovative subscription model led to extended customer payback periods and high operational costs, including specialist staff and data infrastructure. The company needed to extend its cash runway during a period of rapid international growth—without diluting equity or ceding control, and with traditional bank finance unsuitable for their needs.

Results

Secured a venture debt facility three times larger than the original funding target, with flexible, covenant-lite terms tailored for high-growth tech businesses. The process delivered multiple term sheets from leading debt funds and closed within six weeks, exceeding expectations and saving management time.

SpaceTech
Confidential (3x original ask)
Working Capital, International Expansion, Growth Protection
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"When running an early stage, yet high growth tech business, it’s a given that you’ll encounter swings and roundabouts along the way. So venture debt's terms, which are covenant-lite, and include warrants to incentivise the lender is the right solution for companies like ours." 

Patrick Newton
CEO
Reztech
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