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Life Sciences

From Vision to Victory: The Ascent of a Genomics Innovator

Deal Size:

$3,310,300

Equipment:

Sequencing Equipment

Industry:

Life Sciences

Laying the Foundation: Seed Funding Sparks Ambitious Plans
A trailblazing genomics start-up was founded to offer innovative software and laboratory solutions to enable the development and deployment of complex sequencing-based tests. In its first year, still in its pre-revenue phase, this Life Sciences Biotechnology company secured an initial seed funding of $4 million from angel investors, setting the stage for its ambitious growth plans.

Building Momentum: First Revenue and Strategic Leasing
As the business moved into its second year, it began generating revenue but still had a negative net income. To support its growth and operational needs, the company entered into a Master Lease Agreement (MLA) with NFS Leasing. NFS Leasing provided $1.5 million in equipment financing across two equipment lease schedules. This crucial financing was secured prior to its Series A raise of $20 million, enabling it to acquire the necessary equipment to further its product development and service offerings.

Scaling Up: Continued Support and Expanded Capabilities
In the third year, driven by significant product development and deployment of its services, the business experienced a surge in both revenue and expenses. Recognizing the need for additional sequencing equipment to maintain its growth trajectory, the company entered into three additional equipment lease schedules with NFS Leasing, securing an additional $1 million in equipment financing.

Achieving Milestones: Acquisition and Industry Impact
The strategic support from NFS Leasing played a pivotal role in the business’s expansion and success. By the fourth year, its continuous innovation and market impact attracted the attention of a leading publicly traded medical genetics firm. This culminated in the company’s acquisition of over $200 million, marking a significant milestone in its journey.

Fueling Innovation: The Role of NFS Leasing in this Life Sciences Biotechnology Company’s Success
NFS Leasing’s equipment lease financing solutions were instrumental in the business’s growth, enabling it to scale its operations and achieve remarkable success in the genomics industry.

FEATURED CLIENT REVIEWS

"POP Gourmet was experiencing rapid growth and demand. As a young company we needed an equipment finance partner that would get to know us as a company and grow with us. NFS Leasing stepped in and took the time to get to know our Company and partner with us to acquire the production equipment we needed. NFS provided flexibility, responsiveness, and value. We highly recommend NFS."
Rob Grenley, Director, Corporate FinancePOP Gourmet, LLC
"They clearly laid out the deal and terms. They were direct and honest with what they were and were not able to do. No nonsense, no trickery. That allowed us to build a relationship based on trust and the process was simple and fluid because of it. What would have taken ten to fifteen years will now take four years thanks to NFS Leasing. This is allowing us the opportunity to save limbs and lives now. NFS Leasing was and is still genuinely interested in Sanuwave and working towards its continued success. Money is a commodity and can be found almost anywhere but finding a partner who cares about the company means a lot to us."
Kevin Richardson, CEOSanuwave
"POP Gourmet was experiencing rapid growth and demand. As a young company we needed an equipment finance partner that would get to know us as a company and grow with us. NFS Leasing stepped in and took the time to get to know our Company and partner with us to acquire the production equipment we needed. NFS provided flexibility, responsiveness, and value. We highly recommend NFS."
Rob Grenley, Director, Corporate FinancePOP Gourmet, LLC
"Having worked with NFS Leasing at a prior firm, when we started Disruptor Beam I did not hesitate to call on them again. Dean and the team at NFS Leasing really get it. They listen and understand our story and our needs, and they have numerous vendor relationships that help provide a superior level of service. When we grow they are always willing to grow with us. I recommend them highly."
Jon Radoff, CEODisruptor Beam
"From the beginning, NFS Leasing has been an invaluable asset in helping us serve our customers. Their team of experienced executives has enabled our channel oriented business model, and they are an outstanding partner, offering flexible and creative solutions to our financing needs. It has been a pleasure working with NFS and we look forward to their assistance in providing our future finance needs."
Brian Hierholzer, PresidentArtisan Infrastructure
"A rapidly growing technology business like nScaled has constant equipment needs. Leasing was a perfect way to get the equipment we needed, when we needed it, and allow us to continue to focus resources on our operation. NFS made leasing easy for us, and has grown with us as we have expanded as a company. If you want to speak with someone that can help you with your infrastructure expansion business needs, you should call the team at NFS Leasing."
Ilya Beyer, CTOnScaled
"AirSage pioneered the transformation of wireless network signaling data into powerful location information, creating a way to collect and analyze real-time mobile signals to produce over 15 billion anonymous locations every day. As a growing technology firm with state-of-the-art data and technology requirements, having updated equipment is essential to the growth of our business. That's why we rely on, and wholeheartedly recommend, NFS to take care of any equipment finance needs."
Cy Smith, Founder & CEOAirSage
"Working through the initial challenges with NFS was excellent. The level of responsiveness was fantastic, and they have an extremely high level of service. NFS followed a simple process. The communication was fast and realistic. Overall, I would give NFS an A+."
Matthew Hoar, CFOFlow Water
"NFS was willing to sign lease deals that were fair, while it felt like other leasing companies would take advantage of us at every opportunity. It seemed as if NFS wanted to get the deal done. There were no onerous processes, no particularly crafted steps and procedures to follow, which made NFS easy to work with."<
Malachi SalcidoSalcido Enterprises
"NFS was patient when we engaged with them and I really appreciated that. We had a unique situation being a waterpark and having a lot of moving parts from the manufacturer. Finding a financial partner that had the ability to be flexible in the terms and the patience to deal with inconsistent communication from the manufacturer was incredibly helpful for us."
Monty Galland, CEOBRTX
"NFS was very flexible when working through the terms. They let us know what they were willing to do for us, how it needed to be done, and why it needed to get done. Having structured multiple deals with them, it's safe to say I appreciate their partnership."
Daniel Bunn, OwnerMega Highwall Mining
"The communication with NFS Leasing was great. They were very easy to reach, hassle-free, and extremely knowledgeable. They were simple and straightforward; very honest and upfront with what could be accomplished. We were successfully able to write our project plan based on NFS's commitment and that helped start off the project on the right foot."
Frank BouTrident Trucking
"Limestone Networks has been working with the team at NFS Leasing for several years. They took the time to understand our company, the needs of our business, and our growth strategy. They are fast, responsive, and thorough. NFS has become not only a supportive vendor, but an integral part of our success."
Gary Kendall, CEOLimestone Networks
"In the early stages of our growth at DTT our business model required that we explore leasing as a way to finance our growth. NFS Leasing stepped up and partnered with us. They took the time to really understand our business and gave us the financial flexibility to add customers without concern for financing the required equipment to do so. They were honest and responsive and I would highly recommend them as an equipment leasing source."
Sam Naficy, President & CEODTT Surveillance
"NFS has enabled Everyone Counts to keep up with emerging technology and provide the tools needed to bring modern election administration and voting systems to election officials. Their flexibility and knowledge of the technology industry sets them apart from the other leasing providers. They are responsive, easy to work with, and consummate professionals, I recommend them highly!"
Rick Forry, Finance ManagerEveryone Counts
"Agile Networks turned to NFS Leasing to finance a major network expansion resulting in the first and only statewide 1 Gigabit backhaul network providing services in all 88 Ohio counties. NFS was especially easy to work with, exceptionally efficient, and thorough in their approach. Their contributions were critical for us to complete our expansion in record time for our customer, a major mobile carrier. I highly recommend NFS as a trusted partner and look forward to working with them as we continue our growth."
Bob Brick, CEOAgile Networks
"I had a great conversation with NFS on what we wanted to do with the equipment and what we were seeking in a lease agreement, and thankfully, NFS helped us find a solution. While I have been in the mining industry for 24 years, I had never done a deal this large. Engaging with NFS was hassle-free and we were happy that we found a solid partner to fund such a large and important deal."
Todd TackettConstruction and Reclamation Services

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NFS Leasing is a privately-held independent equipment finance leader with more than 15 years of experience.  NFS provides equipment financing and secured loans to small and middle-market non-investment grade companies in the U.S. and Canada.

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