Investor Lists

Venture debt providers at early stage

Updated 7 November 2026

Venture debt providers we have watched take part in an early stage round in the last two years.

See all 13 →The top 13
13investors on the list-1 this week
48cheques in 12 months-15% against the market
$10Mmedian round they joined+25% against the market median
69%wrote a cheque in 12 months
62%have led a round

The Top 13

Ordered by cheques observed, never by anything anyone paid for

Deploying now (9)

  1. 1Hercules CapitalDeploying nowVenture debt · United States92$91Mmedian roundOct 2026last seen
  2. 2Alteria CapitalDeploying nowVenture debt · India81$11Mmedian roundOct 2026last seen
  3. 3InnoVen CapitalDeploying nowVenture debt · India78$10Mmedian roundOct 2026last seen
  4. 4Leonid Capital PartnersDeploying nowPrivate credit · United States32$8.5Mmedian roundOct 2026last seen
  5. 5BDC CapitalDeploying nowPrivate credit · United States31$4.2Mmedian roundSept 2026last seen
  6. 6Growth Impact FundDeploying nowPrivate credit · United Kingdom5$497Kmedian roundJul 2026last seen
  7. 7The O.H.I.O. FundDeploying nowPrivate credit · United States4$15Mmedian roundNov 2026last seen
  8. 8Fearless FundquietVenture debt · United States3$3Mmedian roundDec 2024last seen
  9. 9Six Point VenturesDeploying nowPrivate credit · United States3$24Mmedian roundJun 2026last seen
  10. 10Armada Credit PartnersquietPrivate credit · Finland2$64Mmedian roundSept 2025last seen
  11. 11Clutch CapitalDeploying nowPrivate credit1$20Mmedian roundAug 2026last seen
  12. 12Injaro Investments LimitedquietPrivate credit · Ghana1$8.1Mmedian roundMay 2025last seen
  13. 13ProspeqquietVenture debt · United States1$5.5Mmedian roundJul 2025last seen

Reading for founders at seed

More books for founders and investors on the Reading List.

As an Amazon Associate we earn from qualifying purchases.

Quick answers about venture debt providers at early stage

Who are the most active venture debt providers at early stage?

By cheques observed, the most active are Hercules Capital, Alteria Capital, InnoVen Capital, Leonid Capital Partners and BDC Capital.

How many venture debt providers at early stage are there?

13 are on record. 69% made an investment in the last 12 months and 62% have led a round.

Which stages do venture debt providers at early stage back?

Of the rounds with a named stage in the last 12 months, mostly Debt (19%) and Seed (16%).

How big are the rounds venture debt providers at early stage join?

The typical (median) round among the leading investors here is $10M.

Which sectors do venture debt providers at early stage back most?

In the last 12 months, mostly AI, Healthcare and Fintech.

Which venture debt providers at early stage lead the most rounds?

BDC Capital (7 led), Growth Impact Fund (5 led) and The O.H.I.O. Fund (3 led).

Where are venture debt providers at early stage based?

Among the most active, most are based in the United States (7), India (2) and the United Kingdom (1).

What have venture debt providers at early stage invested in recently?

Recent rounds include T45 Labs (Other, Nov 2026, with The O.H.I.O. Fund), Amaha (Other, Oct 2026, with Alteria Capital) and CureBay (Series C, Oct 2026, with Alteria Capital).

Built from the rounds we watched, refreshed every night. How we count · Report a correction