The companies who have are making utilization of Providence Capital funding to expand their businesses are: Dropbox, Pinterest, Snapdeal, Netflix, LinkedIn, Facebook, and Shopzilla. This is the third round of financing which the Rhode Tropical island based firm has received within asset management 12 months. The capital will be used to support all their business creation activities moreover to launching new products and services in the consumer electric market.
Regarding this, we would like to welcome you, Mr. Charles Delmonte, CEO of charité capital. We are pleased to work with you in your effort and hard work to enhance the achievements of your business projects. In recent years, we now have seen the evolution of our industry. Businesses in the technological area have had to adapt to changes in the laws and policies that govern usage of information and protection of intellectual property.
In response to this difficulty, capital funding has become crucial than ever. We expect that our organization has made sensible decisions in choosing to get capital right from angel investors compared to using hardware leasing. Devices leasing is not just costly nonetheless terms are generally not renewable plus the return on investment is limited, although we believe that working with angel investors can be a more predictable investment and one that comes with a clear way for success.