ApplePie Capital Status
The company received $180 million of debt financing from TowerBrook Capital Partners, ZMT Capital and SunTrust Banks on December 12, 2016. The funding will enable ApplePie to further strengthen its position as a leading provider of innovative growth financing for the franchise industry. Previously, the company raised $16.5 million of Series B venture funding in a deal led by QED Investors and Fifth Third Bank on December 12, 2016, putting the company's pre-money valuation at $39.50 million. TowerBrook Capital Partners, Story Ventures, Freestyle Capital, Signia Venture Partners, Social Leverage, Ron Suber and Colchis Capital Management also participated in the round.