Genaesis Announces $1m Growth Financing for THAOINC
Great Falls, VA – September 7, 2016
Genaesis, LLC, a leading intellectual property and business advisory firm, announced today the closing of approximately $1m in growth capital for THAOINC, a Federal Healthcare IT Management Services Company. This capital injection has enabled THAOINC to achieve over 100% year-over-year revenue and earnings growth.
Genaesis worked closely with Live Oak Bank, one of the top small business lenders in the U.S., to help THAOINC meet their capital needs.
THAOINC assists Government research centers in the design and development of health information management and information technology products and services, for organizations like the Department of Defense and the Department of Veterans Affairs.
"Our customers are our number one priority,” said Thao Sofo, Founder and CEO of THAOINC, “we are so pleased to have these new resources available to better serve our Federal stakeholders.”
Often, it is a complicated process working with high growth companies that don’t yet have significant assets to secure the capital needed to enable their business. Genaesis, is a new kind of advisory firm, helping both companies and investors develop and execute growth strategies – especially in environments where meaningful value is locked in intangible assets.
"It can be difficult to fully understand the opportunities to invest or underwrite these entrepreneurs. We're thrilled to help both banks and small businesses meet their growth objectives." said Genaesis CEO, Erin-Michael Gill.