KeyBank

KeyBank National Association, a subsidiary of KeyCorp, is a comprehensive financial services provider based in Cleveland, Ohio. Founded in 1849, it offers a wide array of retail and commercial banking products across the United States through its Consumer Bank and Commercial Bank segments. KeyBank provides essential services such as checking and savings accounts, loans (including home equity, personal, and auto loans), credit cards, and investment products like individual retirement accounts and mutual funds. Additionally, the bank offers wealth management, financial advisory, and community development financing. Its operations include a network of branches and ATMs, as well as online and mobile banking platforms, ensuring accessibility for customers. KeyBank's diverse offerings cater to individuals, small and medium-sized businesses, and middle-market clients, making it one of the largest bank-based financial services companies in the nation.

Stephen Fournier

President

Brian Maddox

Senior Vice President, CDLI

Kevin Westcott

Area Retail Leader and Vice President

35 past transactions

Arevon

Debt Financing in 2022
Provider of renewable asset management services to utilities and corporations. The company offers commercial, financial, performance asset management and construction services of utility-scale wind, solar and energy storage assets, enabling its client's business model to be sustainable and deliver clean energy.
The Pittsburgh Promise strives to strengthen the region, inspire systemic change, and transform lives.

EarnUp

Series C in 2022
EarnUp is a consumer-first fintech platform that intelligently automates loan payments for the more than 200 million Americans with debt. They help you put a few dollars aside for your loans when you can afford it – then they make your loan payments for you, allocating funds in the way that gets you out of debt faster. They are dedicated to giving control back to everyone who is frustrated managing their finances

Bocanegra & Company

Corporate Round in 2022
Bocanegra & Company is an American investment management firm that runs capital in liquid and private markets. Managed by hedge fund specialists, the firm has exhibited outstanding growth since inception with ambitious long-term plans to grow its alpha within the firm’s core competencies.

JumpStart

Grant in 2022
Founded in 2003, JumpStart is an Ohio-based venture capital firm targeting investments in cleantech, healthcare and technology sectors in the United States.

Espresso Capital

Debt Financing in 2021
Espresso Capital, founded in 2009 and headquartered in Toronto, Canada, specializes in providing non-dilutive capital to early and growth stage technology companies. The firm has supported over 230 businesses by offering lines of credit and term loans that enable entrepreneurs to expand their operations without the need for equity dilution or personal guarantees. By focusing on fast, fair, and flexible financing solutions, Espresso Capital aims to empower founders to maintain control over their companies. Its client base spans various sectors, including business products and services, energy, healthcare, and information technology, allowing it to cater to a diverse range of growth needs.

Neighborhood Allies

Grant in 2021
Neighborhood Allies is a unique community development partner.

Plus Power

Debt Financing in 2021
Manufacturer of battery energy storage systems designed to facilitate the changing energy landscape. The company develops standalone battery energy storage systems that foster grid flexibility by providing capacity, energy and ancillary services and its technology manages variations in power generation by storing excess energy and injecting it back into the grid when it is needed, enabling clients with an efficient and reliable electrical grid.

XUP

Venture Round in 2021
Developer of payment platform designed to focus on developing a seamless connection between financial services, processors, merchants, and ultimately customers. The company's platform makes it easy to identify, consider, buy and service merchant and payment relationships, thereby enabling financial institutions to offer an end-to-end and digital payment processing experience to the merchants they serve.

AQN Strategies

Acquisition in 2021
AQN Strategies is a consulting firm specializing in financial services, offering value-based strategies through a combination of data analytics and industry expertise. The firm provides tools and strategic guidance that help clients, including fintech companies and international banks, identify unprofitable products, marketing channels, and risk segments. AQN Strategies assists lenders in optimizing performance by guiding them through divestment strategies, investments in new market segments, and the enhancement of existing accounts. With a focus on delivering actionable insights, the firm aims to drive significant results for its diverse clientele in the financial sector.

Avantus

Debt Financing in 2020
Avantus is a developer specializing in solar photovoltaic (PV) and energy storage projects across the United States. Founded in 2009 and based in San Francisco, California, the company focuses on creating sustainable energy solutions through its innovative solar technologies. Formerly known as 8minutenergy Renewables, Avantus rebranded in June 2019 to reflect its commitment to advancing solar energy development. The company engages in the design, development, and construction of solar energy projects, contributing to the transition towards renewable energy sources in the American energy landscape.

eLearning Brothers

Private Equity Round in 2020
eLearning Brothers is a leader in the corporate learning technology industry. The company provides a complete suite of integrated learning development and delivery tools, including the leading authoring tool Lectora and virtual reality course builder CenarioVR. Learning developers can utilize these tools together with an extensive library of professionally-designed eLearning templates, game modules, and courses. eLearning Brothers also creates award-winning custom learning solutions and provides a learning management system to deliver and track learning content and learner progress. eLearning Brothers is helping everyone create and deliver eLearning that rocks!

Scene75 Entertainment

Debt Financing in 2019
Scene75 Entertainment operates a chain of indoor amusement centers located in the Midwest United States, primarily in Ohio. Each facility offers a wide range of attractions designed for entertainment and leisure, including electric go-karts, blacklight mini golf, two-story laser tag, an arcade, and mini-bowling. These diverse offerings cater to individuals and groups seeking exciting recreational activities in a vibrant environment. Scene75 aims to provide a fun and engaging experience for guests of all ages.

Scout Clean Energy

Debt Financing in 2019
Scout Clean Energy, LLC operates as a renewable energy development company. The company specializes in leasing, permitting, interconnection, power marketing, finance, and construction. It develops and constructs major wind farms in the United States, Canada, and Mexico. The company was founded in 2010 and is headquartered in Boulder, Colorado.

Vivint Solar

Post in 2019
Vivint Solar, Inc. is a prominent provider of residential solar energy solutions in the United States, focusing on delivering clean, renewable energy to homeowners. Founded in 2011 and headquartered in Lehi, Utah, the company designs, installs, and maintains solar energy systems under long-term customer contracts. Vivint Solar offers a range of financing options, including power purchase agreements and lease agreements, to make solar energy accessible and affordable for its customers. In addition to solar panel installations, the company provides solar renewable energy certificates and has expanded its offerings to include solar plus storage systems and electric vehicle chargers. As of late 2019, Vivint Solar had an aggregate capacity of 1,294 megawatts, serving approximately 188,300 homes. In 2020, it became a subsidiary of Sunrun Inc.

Bolstr

Acquisition in 2018
Bolstr Inc. operates an online lending platform that connects small and medium-sized businesses with investors seeking to fund growth initiatives. The platform facilitates both short-term and long-term loans through a revenue share investment structure, allowing businesses to make monthly payments proportional to their gross sales, which helps them manage cash flow during fluctuating sales cycles. Bolstr primarily serves industries such as manufacturing, retail, and food and beverage, focusing on providing capital for expansion projects like new locations, product launches, and renovations. Additionally, the company offers a resource called The Vault, which provides actionable insights and guidance from experienced entrepreneurs to help emerging businesses navigate challenges and foster success. Established in 2010 and based in Chicago, Bolstr Inc. operates as a subsidiary of KeyCorp.

Baceline Investments

Debt Financing in 2018
Baceline Investments is a premier private real estate investment and management company that believes in strengthening America’s Heartland communities. They do this by building quality relationships with key stakeholders through a strategic approach to commercial real estate investing. By acquiring and revitalizing neighborhood shopping centers in value-rich markets, Baceline creates opportunity for growth and success. Communities, investors, and tenants have benefited from Baceline’s experience and expertise in commercial real estate investing since 2003. Their ability to find valuable real estate opportunities in Heartland markets has had a dramatic and positive impact for all of their partners.

JumpStart

Grant in 2017
Founded in 2003, JumpStart is an Ohio-based venture capital firm targeting investments in cleantech, healthcare and technology sectors in the United States.

HelloWallet

Acquisition in 2017
HelloWallet improves the performance of organizations by providing independent guidance that aligns corporate spending with human capital needs. Our cloud-based products enable executives with a data platform for making workforce compensation and rewards decisions that drive sustained improvements in engagement and wellness. We do this with web and mobile applications that provide personalized guidance to employees for converting their salary and benefits into prosperity. HelloWallet operates a double bottom line business model, for every five subscriptions we sell we donate one subscription to a family in need through one of our philanthropic partners.

sPower

Debt Financing in 2016
sPower is an independent power producer (IPP) which owns and/or operates more than 150 utility and distributed electrical generation systems across the US and the UK. The company is headquartered in Salt Lake City with offices in San Francisco, Long Beach and New York City, With 6.7GW between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States.

Coresite

Post in 2016
CoreSite Realty Corporation specializes in the ownership, development, and operation of data centers across key markets in the United States, including Los Angeles, the San Francisco Bay Area, Northern Virginia, Chicago, and New York City. The company provides secure and reliable data center solutions that facilitate cloud access and interconnection services. Its diverse customer base includes enterprises, communications service providers, media and content companies, government agencies, and educational institutions. CoreSite's offerings, which include cloud networking, interconnect gateways, and customizable hybrid IT infrastructure, enable customers to optimize their performance-sensitive data and applications. With a dedicated workforce, CoreSite emphasizes delivering high-quality services and fostering long-term relationships with its clients.

First Niagara Financial Group

Acquisition in 2015
Niagara Bancorp is a Delaware corporation, formed to be the holding company of the Bank. After the reorganization, Niagara Bancorp will own all of the Bank's common stock. Purchasers in the offering will own 45.4% of Niagara Bancorp's common stock, the charitable foundation will own 1.3% of the shares of Niagara Bancorp common stock, and the Mutual Company will own 53.3% of the shares of Niagara Bancorp common stock. Although these percentages may change in the future, the Mutual Company must always own a majority of Niagara Bancorp common stock. The holding company structure will provide us greater flexibility in terms of operations, expansion and diversification.

AvidXchange

Private Equity Round in 2015
AvidXchange, Inc. specializes in accounts payable and payment automation software tailored for midsize businesses across various industries, including banking, healthcare, construction, and hospitality. Founded in 2000 and headquartered in Charlotte, North Carolina, AvidXchange offers a comprehensive suite of solutions that includes purchase order management, invoice processing, payment software, check printing, and utility bill management. The company processes over $140 billion in transactions annually for more than 6,000 customers, leveraging a network of over 680,000 suppliers to streamline payment processes. With a workforce of approximately 1,500 employees and additional offices in several states, AvidXchange has established itself as a leader in the fintech sector, recognized for its rapid growth and innovative approach to simplifying financial operations for mid-market businesses.

Cedar Realty Trust

Post in 2015
Cedar Realty Trust, Inc. is a real estate investment trust that specializes in the ownership, operation, and redevelopment of grocery-anchored shopping centers located in high-density urban markets from Washington, D.C. to Boston. The company's portfolio includes 54 properties, encompassing approximately 8.2 million square feet of gross leasable area. Cedar Realty Trust generates its revenue primarily from rents and operating expense reimbursements received through long-term leases with tenants. The focus on grocery-anchored centers positions the company to cater to essential retail needs in densely populated areas, contributing to its long-term value creation strategy.

Compass Datacenters

Debt Financing in 2014
Compass Datacenters specializes in the development and operation of modular data centers tailored to meet the specific needs of enterprise clients, cloud computing providers, and software as a service (SaaS) businesses. Their innovative Truly Modular™ solution employs a standardized approach, utilizing four modular designs to create dedicated, hardened, Tier III certified, and LEED Gold facilities. This design allows Compass Datacenters to deliver cost-effective solutions across much of the country that is typically underserved by traditional data center offerings. By streamlining the complexities associated with data center development and operations, the company provides a user-friendly alternative that emphasizes easy planning, implementation, and scalability. This focus on customization and efficiency enables clients to address their unique requirements while benefiting from a low cost of ownership and rapid deployment.

OnDeck

Debt Financing in 2013
OnDeck is a technology-driven financial platform that offers loan financing specifically tailored for small and medium-sized businesses. Founded in 2006 and headquartered in New York City, the company utilizes proprietary software to collect and analyze operational data from businesses, employing an algorithm to assess loan eligibility based on performance rather than solely on personal credit scores. This innovative approach facilitates efficient access to capital, addressing a significant challenge faced by small businesses. By focusing on actual business performance, OnDeck enables companies to concentrate on growth and customer service instead of the complexities of securing loans. The company expanded its services to Australia in 2015, further broadening its reach in providing responsible credit access.

ByteGrid

Debt Financing in 2013
ByteGrid Holdings LLC (dba ByteGrid) specializes in the ownership, development and operation of wholesale and compliant grade data centers. ByteGrid owns the land, facility and the operations that provide 24x7 security, electrical and mechanical infrastructure management.

Compass Datacenters

Series A in 2012
Compass Datacenters specializes in the development and operation of modular data centers tailored to meet the specific needs of enterprise clients, cloud computing providers, and software as a service (SaaS) businesses. Their innovative Truly Modular™ solution employs a standardized approach, utilizing four modular designs to create dedicated, hardened, Tier III certified, and LEED Gold facilities. This design allows Compass Datacenters to deliver cost-effective solutions across much of the country that is typically underserved by traditional data center offerings. By streamlining the complexities associated with data center development and operations, the company provides a user-friendly alternative that emphasizes easy planning, implementation, and scalability. This focus on customization and efficiency enables clients to address their unique requirements while benefiting from a low cost of ownership and rapid deployment.

First Wind

Debt Financing in 2010
First Wind is an independent wind energy company dedicated to the development, ownership, and operation of utility-scale wind farms across the United States, with a particular emphasis on the northeastern and western regions, as well as Hawaii. The company successfully operates seven wind farms that collectively produce 504 megawatts of energy. In addition to its operational projects, First Wind is actively engaged in developing new wind energy initiatives in various markets through its subsidiary companies.

EverTrust Financial Group

Acquisition in 2006
EverTrust is a stock company that replaces Mutual Bancshares as the holding company for Everett Mutual Bank; Commercial Bank of Everett; I-Pro, Inc.; and Mutual Bancshares Capital Inc. After the conversion, EverTrust intends to acquire or organize other operating subsidiaries, although it currently has no specific plans or agreements to do so. At March 31, 1999, Mutual Bancshares had assets of $452.1 million, deposits of $375.9 million and retained earnings of $52.1 million. Mutual Bancshares is a bank holding company which owned four subsidiaries at March 31, 1999: Everett Mutual Bank, Commercial Bank of Everett, I-Pro, Inc. and Mutual Bancshares Capital, Inc. The business of Mutual Bancshares is conducted primarily by Everett Mutual Bank, whose operations are enhanced by the activities and operations of Mutual Bancshares' other three subsidiaries. Mutual Bancshares' business activities generally are limited to passive investment activities and oversight of its investment in Everett Mutual Bank. Accordingly, the information regarding Mutual Bancshares' business, including consolidated financial statements and related data, relates primarily to Everett Mutual Bank.

Open Solutions

Venture Round in 2000
Open Solutions provides collaborative, enterprise core account processing technology for banks, thrifts and credit unions, along with a full range of surround solutions.

Leasetec

Acquisition in 1997
Leasetec a leading privately-held equipment leasing company. Leasetec is a worldwide company specializing in lease programs for high technology vendors and distributors. The company has 40 offices in the U.S., Europe, Pacific Rim, and Canada and operates through eight business units.

MSP Communications

Acquisition in 1996
MSP-C is a Minneapolis-based content marketing agency with more than 43 years of experience of delivering smart, persuasive content across key owned, earned and paid channels. Our diverse set of clients includes market leaders in business, technology, health care and consumer brands. They rely on MSP-C’s expertise to implement sustainable content marketing programs that can scale and integrate with their traditional marketing initiatives.
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