EVERYWHERE Secures Debt Facility to Enhance Global Communication Services
Deal News | Mar 11, 2025 | EIN
LAGO Innovation Fund, an alternative credit firm, has provided a debt facility to EVERYWHERE Communications, a company known for its comprehensive software communications solutions serving enterprise and government customers. The support will aid in scaling their Global SOS, Tracking, and Messaging solutions. EVERYWHERE Communications offers seamless connectivity through the EVERYWHERE Hub, Mobile App, and satellite communication devices, with a diverse range of applications spanning from wildland firefighting to oil and gas exploration. Heather La Freniere, Co-founder of LAGO, emphasizes the importance of innovative technology for individual and team welfare. The financial boost will accelerate EVERYWHERE's capability to maintain global connectivity and protection for mobile teams. Meanwhile, John Cannon of Spring Rock Capital outlines the role of EVERYWHERE Communications in ensuring continuous global communication in challenging environments.
Sectors
- Technology and Telecommunications
- Finance
Geography
- United States – The deal involves companies based in the United States, specifically LAGO Innovation Fund in Chicago, IL, and supports global operations.
Industry
- Technology and Telecommunications – EVERYWHERE Communications operates within the technology and telecommunications sector, providing critical communication solutions through satellite and mobile networks.
- Finance – LAGO Innovation Fund operates within the finance sector, offering alternative credit solutions to high-growth companies.
Financials
- From $5-$50 million – Typical range of capital provided by LAGO Innovation Fund to support high-growth companies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EVERYWHERE Communications | Receiver of debt facility funding | Company | Leading provider of secure communication solutions, integrating satellite and mobile technologies to maintain global connectivity. |
| LAGO Innovation Fund | Provider of debt facility | Company | Private credit firm offering tailored financing solutions to emerging high-growth companies. |
| Spring Rock Capital | Investor/Board member | Company | Investment firm with experience in security and technology sectors, providing equity capital. |
| Heather La Freniere | Co-founder and Managing Partner | Person | Co-founder of LAGO Innovation Fund, instrumental in providing the debt facility to EVERYWHERE Communications. |
| Patrick Shay | CEO | Person | CEO of EVERYWHERE Communications, guiding its mission to connect global mobile operators. |
| John Cannon | Founder/Board member | Person | Founder of Spring Rock Capital, involved in facilitating the debt facility arrangement. |