June 7, 2018 – New Canaan Funding (“NCF”) provided financing to support the acquisition of Kanopy, Inc. (“Kanopy”) by L Squared Capital Partners (“L Squared”). NCF provided debt financing and equity in Kanopy as part of this acquisition.
Kanopy, headquartered in San Francisco, Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy has emerged as the leading destination for thoughtful educational entertainment with content ranging from award winning independent films and documentaries to cinematic classics to engaging lifelong learning course modules.
New Canaan Funding, with offices in New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its sixth fund. The investment in Kanopy represents NCF’s eighth investment in the fund. This financing represents the first with L Squared.
L Squared is an investment firm headquartered in Newport Beach, California that seeks to make $40 to $100 million equity investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. L Squared’s unique investor base of family offices enables the firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing.
Contact and additional information for L Squared can be found at https://www.LSquaredCap.com.
Contact at New Canaan Funding:
email@example.com 203-966-1071 x224