Tacora Capital Secures $268.7M for Second Venture Debt Fund

Tacora Capital, an Austin-based venture debt firm, has successfully raised $268.7 million for its second fund, as revealed in a recent SEC filing. The firm, led by founder and CEO Keri Findley, focuses on providing non-dilutive financing solutions to startups and businesses with capital-intensive needs, including fintech and hardware companies.

This new fund follows Tacora’s inaugural fund in 2022, which raised $350 million, with $250 million coming from renowned investor Peter Thiel. It remains unclear whether Thiel contributed to the latest fund, as the recent filing lists 28 unnamed investors. Findley has declined to confirm Thiel’s involvement, and representatives for Thiel did not respond to inquiries.

Established in 2021, Tacora Capital has established a specialty in providing venture loan solutions supported by reliable, targeted assets. According to Tacora’s first fund press release, this approach reduces risk by securing loans against reputable businesses.

The firm’s approach appeals to startups seeking funding without diluting their ownership. Findley stated that the successful deployment of Tacora’s initial fund. The growing demand for flexible financing have driven the launch of this second fund.

A compelling alternative to traditional VC investments, venture debt offers companies the opportunity to retain equity and raise capital. Tacora’s continued growth signals increasing confidence in this financing model within the startup ecosystem.