VenSource Capital, a specialty finance company providing equipment financing to venture capital sponsored startups, closed on a new $15 million equity round. The equity investment was made by CV Holdings, a publicly traded specialty finance company.

VenSource will continue to specialize in providing equipment financing primarily to U.S.-based venture capital-backed startups.

VenSource and CVH have created a new joint venture, VenSource Management, based in Wilton, CT that will originate and manage all aspects of the lease and loan portfolio. The companies have also created a new holding company for the portfolio, VenSource Holdings, also based in Wilton, CT.

“We are very excited about this opportunity and we plan to position VenSource as a leader in providing flexible, efficient equipment financing to venture sponsored startup companies,” said George A. Parker, VenSource co-founder and co-CEO.

CV Holdings co-CEO’s Ken Witkin and Rick Koenigsberger added “We are very pleased with our new joint venture with VenSource Capital. We were very impressed by George and Arnie’s successful track record and outstanding reputation in the business. This investment into the venture leasing space fits within CV Holdings strategic plan to expand into several specialty finance businesses.”

VenSource Capital was founded in 2015 by Parker and Arnold J. Hoegler, who have over 60 years combined experience in equipment leasing and lending and have originated and serviced over $500 million in leases or loans during their careers. Both were principals and co-founders of Leasing Technologies International.

VenSource specializes in providing equipment financing ranging from $750,000 to $5 million to venture capital backed startups developing or providing information services, software or technology products, including products and services in energy, biotechnology, healthcare/medical, security, internet and other markets. VenSource also provides financing to select non-venture backed middle market companies.