How many Venture Debt lenders are there?

The TerraNova database tracks 61 active funds with a Venture Debt mandate as of Sep 14, 2026. The median stated check-size band is around $5M–$50M.

How do I find venture debt lenders for my deal?

Describe your deal once — amount, sector, geography — and the TerraNova engine scores every active Venture Debt fund against it in about 60 seconds, free, with the reasoning shown per fund.

Private credit glossary · Data updated Sep 14, 2026

What is venture debt?

Venture debt is term debt for venture-capital-backed companies that extends runway between equity rounds without additional dilution, underwritten against the investor syndicate and growth trajectory rather than current cash flow.

active Venture Debt funds in the TerraNova database

$5M–$50M

median stated check-size band

How it works

Sized as a fraction of the last equity round or forward revenue, not EBITDA.
Usually includes warrants (small equity coverage) on top of interest.
Covenants are light; the lender's real collateral is the next round.

When borrowers use it

Extending runway 6–12 months to hit a better valuation at the next round.
Funding a specific milestone (launch, regulatory step, expansion) between rounds.

Browse all 61 Venture Debt lenders

Named funds with check sizes, sectors, and deal-team contacts — free to search.

See Venture Debt lenders

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