TIMIA Capital has increased its lending capacity by C$60 million, including a C$25 million credit facility from Calgary-based SAF Group, to support more B2B technology companies with debt capital across Canada and the United States.
The Toronto lender said the added capacity will let it write larger loans. TIMIA works with B2B SaaS and software-enabled companies with between C$2 million and C$20 million in annual recurring revenue, and looks for product-market fit and gross margins above 50 per cent. Tickets on its website run from C$500,000 to C$10 million. Its product set includes amortized loans of three to six years and interest-only facilities of two to three years.
Michael Wallace, Chief Executive of TIMIA, said many founders are now combining equity and debt to reduce dilution and keep control, rather than treating venture capital as the only path to growth. He said TIMIA has a pipeline of companies seeking capital for their next stage, and that the facility lets the firm support more of them with larger loans.
Wylie Johnston, Managing Director of SAF, said the firm was backing TIMIA as it expands access to growth financing in the Canadian and US technology markets.
The SAF credit facility accounts for C$25 million of the C$60 million increase. TIMIA did not name the source of the remaining capacity.
Founded in 2015, TIMIA says it has written C$200 million of loan facilities across 80 companies, with 35 early exits. The announcement named FactoryFix, VOXO and COVA Software among businesses it has financed.
Earlier exits include Wagepoint, which repaid its TIMIA facility in 2020, and Beanworks, where TIMIA exited in 2018 before the company was later sold to Quadient.
Round13 Capital acquired TIMIA from Montfort Capital in November 2024 after which Wallace was appointed Chief Executive. Round13, a Toronto venture firm, said the two businesses would remain independently managed while collaborating on business development, underwriting, portfolio support and fundraising.
SAF, founded in 2014, is a Calgary private credit and alternative investment manager. The firm says it has launched more than 20 funds and completed more than 70 transactions.