SaaS Capital has provided growth debt to Da Vinci Unified.
The size of the facility was not disclosed, and the announcement did not say how the proceeds will be used.
Da Vinci Unified, based in Irvine, California, sells cloud-native warehouse management software to businesses and third-party logistics providers. The software is aimed at mid-market and multi-site 3PLs that run multi-client inventory, customer-specific workflows and automated billing from the same system as warehouse execution, labour and yard management. The company, which markets the product as Da Vinci WMS, is led by Chief Executive and President Dan Cavanaugh.
The company said it has been recognised in Gartner's Midmarket Context Magic Quadrant for Warehouse Management Systems in 2023, 2024 and 2025.
The facility follows a January 2020 buyout of Wolin Design Group, the business that developed the Da Vinci product, by search fund Lynwood Street Capital. Founder Tim Wolin, who started the company in the late 1990s, had run it as President and Chief Executive and stayed on as an adviser to Cavanaugh until the end of 2024. Wolin said the software had been implemented for more than 7,000 3PL accounts and brands. No later equity round or earlier debt facility has been disclosed.
SaaS Capital named Da Vinci as one of three new portfolio companies in the same announcement. The Cincinnati and Seattle lender, which says it was the first to underwrite SaaS businesses on future recurring revenue, closed SaaS Capital Fund V at $100 million in October 2025. Since 2007 it has committed more than $375 million of growth debt across more than 110 clients.
SaaS Capital lends $2 million to $15 million to B2B software-as-a-service companies with at least $3 million of annual recurring revenue that are registered and banked in the United States, Canada, the United Kingdom or Ireland. Borrowers do not need to be venture-backed or profitable. The borrowing base is typically five to eight times monthly subscription revenue.
When it closed Fund V, SaaS Capital said the vehicle would continue to write committed, multi-year facilities for sales and marketing, product development, acquisitions and working capital. The Da Vinci announcement did not identify the fund that wrote the loan.