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Venture debt might be a rising trend in startup investment.
You might get that impression, at least, after watching Multiplier Capital raise a large, oversubscribed fund worth $227 million.
The round was led by Liberty Peak Capital, and other investors include “a college endowment, a publicly traded bank … and high net worth individuals in the U.S. and Canada,” Multiplier says in a release Thursday.
“Our strong capital base and nimble decision-making process consistently provide a solid financing alternative to shrewd company managers,” said managing general partner Kevin Sheehan in a statement.
Multiplier Capital says it’s interested in making loans (i.e., not equity-only deals) ranging from $3 million to $15 million to rapidly growing, expansion-stage companies.
The fund has already completed 16 loans across various industries, including cyber security, digital media, and healthcare information technology.
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