Peter Thiel-backed firm Tacora raises $685M to grow venture debt strategy
Tacora Capital, a venture debt firm backed by Peter Thiel, has raised $685 million in new funds across two vehicles. The capital will be used to provide structured credit and financing to early- and growth-stage startups, offering alternatives to traditional equity fundraising. Amid a tighter venture capital market, interest in venture debt has surged as startups look for less dilutive funding solutions.
This marks a significant signal that venture debt is becoming a mainstream part of startup financing.
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