The past year hasn’t been an easy one for anyone, let alone an alarm company trying to complete a growth capital round. Not only have many banks been hesitant to loan to alarm companies, but the COVID-19 pandemic has rocked the economy, bringing about a recession.
Somehow, though, AMP Smart, a residential security and smart home services company based in American Fork, Utah, seemingly did the impossible, completing a growth capital investment round with Seacoast Capital and St. Cloud Capital. The investment, together with AMP’s renewed senior debt facility, provides AMP with a growth capital structure in excess of $60 million.