Fox Ridge Capital LLC announced its launch, offering achievement-focused financing to small and mid-sized organizations. Led by CEO Tom Depping, who has driven industry-changing innovation for over three decades. Depping’s leadership has provided over $7 billion in cumulative funding to small and mid-sized companies across the nation.
Fox Ridge Capital combines elements of banking and fintech strengths into a hybrid model with a scalable finance platform designed to match the pace and goals of today’s businesses.
“We are pleased to come to market as a catalyst for success and bring a foundation of innovation and a culture of collaboration that leverages technology and AI without removing our relationship-based approach,” said Depping.
The company benefits from the backing and industry expertise of LKCM Headwater Investments (“Headwater”).
"This is a business we know well, led by someone we have backed before. We are proud to support Tom and the Fox Ridge Capital team as they build something we believe can be exceptional," remarks Brad Wallace, Partner at Headwater. "We were early partners with Tom dating back over 20 years and are fortunate to have been chosen as a trusted partner on this next chapter. We look forward to this partnership, this time from a distinct position of strength, with proven leadership, a differentiated technology platform, and a clear market opportunity in small business finance.”
Fox Ridge Capital’s executive team brings a shared history of founding innovative, disruptive financial businesses and is positioned to deliver growth. Previous accomplishments include starting First Sierra Financial and Ascentium Capital, both of which achieved rank as the largest independent equipment finance company and reached $1 billion in originations within the first five years of inception.
“Our team empowers businesses nationwide by providing swift and agile business finance solutions that focus on accelerating achievement. Collaboration is at the heart of everything, and we prioritize client initiatives. We are not simply a capital provider but a partner in success,” Depping comments.
Keefe, Bruyette & Woods Inc., a leading specialist investment bank in the financial services and fintech sectors, served as the financial advisor on the transaction.