SAF Group backs Timia Capital's $60M tech lending expansion

In a blog post announcing the facility, CEO Michael Wallace said many tech founders "are deliberately combining equity and debt to reduce dilution and maintain control" while venture capital market conditions remain uncertain. He said Timia has identified "a strong pipeline" of companies building sustainable businesses and seeking flexible capital. "This facility allows us to support more of those founders with larger investments," he said.

Since its founding in 2015, Timia said it has provided more than $200 million in loans to 80 portfolio companies. Current investments include Toronto digital marketing startup Webware AI and Mississauga telematics software company BrightOrder. Exits include Vancouver permitting software provider Clariti and Calgary payroll tech company Wagepoint.

Toronto venture capital firm Round13 Capital acquired Timia in 2024, adding debt financing to the options it offers portfolio companies. SAF Group is a Calgary-based firm that invests in private credit and alternative assets.