Inventergy Global Inc., the intellectual property investment and licensing company run by CEO Joseph Beyers, said it obtained $11 million in financing from Fortress Investment Group.

The Campbell, Calif.-based company said the financing included $10 million in debt financing from Fortress and $1 million from sale of restricted common stock at $2.00 per share. The company said it also had an option for $5 million in further financing.

Inventergy said the proceeds would be applied toward the repayment of existing debt obligations and general working capital.

“This agreement is a significant milestone for Inventergy that enhances our balance sheet and provides us with cash reserves to further drive our IP monetization efforts,” Beyers said in a statement.

New York-based Fortress has been active in the IP monetization business for years. Rob Kramer, a former managing director who helped launch its IP monetization strategy, made hundreds of millions of dollars for Fortress and later his own investment manager called Altitude Capital Partners by investing in intellectual property and winning licensing revenue from infringers.

“We are also excited about the new relationship with the Fortress Investment Group, which is an IP-savvy investor with deep connections among the broader IP transaction community,” Beyers said in the statement.

The debt financing means that Inventergy will be able to undo a transaction it reached with Beyers to provide $499,989.60 in bridge financing from Beyers from the issuance of 233,640 shares of common stock at $2.14 a share.

Shares of Inventergy fell 8 cents to $1.59 today in early trading on Nasdaq Capital Market trading. They’ve traded between $14.98 and $1.47 over the past year.

Until now, Inventergy has been funding itself with investments and loans from its CEO while it searches for less expensive forms of capital such as debt.

Inventergy was down to just $484,175 in cash and cash equivalents as of June 30, 2014.

The company also held restricted cash of $3.5 million, which was pledged to collateralize $3 million of convertible notes issued to Hudson Bay Capital Management.

The company also has previously financed itself by borrowing from Beyers.

In December 2013, Inventergy issued $3.1 million in promissory notes to Beyers. The notes were scheduled to mature in February 2014, but were extended to August 31, 2014 and bear interest at 2% per annum. The company fully repaid the $100,000 unsecured related party note as part of the December 2013 notes.

The $3 million note was secured by certain patent assets of the company and all principal and accrued but unpaid interest on the December 2013 notes were due upon maturity.

On February 10, 2014, the company obtained an unsecured $3 million promissory note from Beyers, which also matured on August 31, 2014 and bore interest at 2% per annum. Effective February 11, 2014, the December 2013 notes and note receivable were fully offset and deemed paid.

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