Tacora Capital Raises $268.7 Million for Second Venture Debt Fund
Texas-based venture debt firm Tacora Capital has secured $268.7 million for its second fund, according to an SEC filing. This follows their inaugural $350 million fund in 2022, which included a substantial investment from Peter Thiel. While Thiel's involvement in the new fund remains undisclosed, the filing indicates 28 unnamed investors.
Founded in 2021 by Keri Findley, Tacora focuses on providing non-dilutive capital to startups with intensive funding needs, particularly in fintech and hardware. This approach offers founders an alternative to traditional VC funding, allowing them to access capital without relinquishing equity. Findley stated the new fund reflects the success of their initial fund and the growing demand for flexible financing options.
Venture debt carries inherent risks, as startups may struggle to repay loans. However, Tacora emphasizes backing loans secured by strong assets within well-positioned companies. For more insights on venture capital and funding, explore related articles like Apheris Secures $8.25M and Chinese Hackers Breach U.S. Treasury.