# Venture debt providers at growth (2026 list) > 11 venture debt providers at growth, 82% active in the last 12 months. Led by Hercules Capital, Alteria Capital, Claret Capital Partners. Source: https://millionrounds.com/lists/venture-debt-at-growth (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Venture debt providers at growth Updated 7 November 2026 Venture debt providers we have watched take part in a growth round in the last two years. [See all 11 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fventure-debt-at-growth)The top 11 **11** investors on the list No change this week **47** cheques in 12 months *+7%* against the market **$33M** median round they joined *+313%* against the market median **82%** wrote a cheque in 12 months **45%** have led a round ## The Top 11 Ordered by cheques observed, never by anything anyone paid for Deploying now (9) - 1 [Hercules Capital](https://millionrounds.com/fund/hercules-capital) *Deploying now* Venture debt · United States **92** **$91M** median round **Oct 2026** last seen - 2 [Alteria Capital](https://millionrounds.com/fund/alteria-capital) *Deploying now* Venture debt · India **81** **$11M** median round **Oct 2026** last seen - 3 [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners) *Deploying now* Private credit · United Kingdom **34** **$16M** median round **Oct 2026** last seen - 4 [BDC Capital](https://millionrounds.com/fund/bdc-capital) *Deploying now* Private credit · United States **31** **$4.2M** median round **Sept 2026** last seen - 5 [Columbia Lake Partners](https://millionrounds.com/fund/columbia-lake-partners) quiet Private credit · United Kingdom **5** **$33M** median round **Apr 2025** last seen - 6 [Runway Growth Capital](https://millionrounds.com/fund/runway-growth-capital) *Deploying now* Private credit · United States **3** **$113M** median round **Jun 2026** last seen - 7 [Vumela Fund](https://millionrounds.com/fund/vumela-fund) *Deploying now* Venture debt · United Kingdom **3** **$2.6M** median round **Sept 2026** last seen - 8 [Atempo Growth](https://millionrounds.com/fund/atempo-growth) *Deploying now* Venture debt · United Kingdom **2** **$120M** median round **Aug 2026** last seen - 9 [Treville Capital Group](https://millionrounds.com/fund/treville-capital-group) *Deploying now* Private credit · United States **2** **$271M** median round **Oct 2026** last seen - 10 [Bootstrap Europe](https://millionrounds.com/fund/bootstrap-europe) quiet Venture debt · Luxembourg **1** **$85M** median round **Jun 2025** last seen - 11 [Kineo Finance](https://millionrounds.com/fund/kineo-finance) *Deploying now* Venture debt · Switzerland **1** **$19M** median round **Jul 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **26** Oct **[Amaha](https://millionrounds.com/company/amaha)** Other · $11M *With* [Alteria Capital](https://millionrounds.com/fund/alteria-capital) - **21** Oct **[CureBay](https://millionrounds.com/company/curebay)** Series C · $11M *With* [Alteria Capital](https://millionrounds.com/fund/alteria-capital) - **20** Oct **[Platform Accounting Group](https://millionrounds.com/company/platform-accounting-group)** Growth · $355M *Led by* [Treville Capital Group](https://millionrounds.com/fund/treville-capital-group) - **14** Oct **[Suki](https://millionrounds.com/company/suki)** $90M *With* [Hercules Capital](https://millionrounds.com/fund/hercules-capital) - **13** Oct **[LearnUpon](https://millionrounds.com/company/learnupon)** Debt · $50M *Led by* [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners) - **13** Oct **[Mesa School of Business](https://millionrounds.com/company/mesa-school-of-business)** Series A · $12M *With* [Alteria Capital](https://millionrounds.com/fund/alteria-capital) ## Stages This Year 47 rounds - Growth **21%** - Debt **21%** - Other **13%** - Series A **9%** - Series B **6%** - Other **30%** ## What They Backed Sectors, last 12 months - AI **17** - Healthcare **11** - Biotech **6** - Fintech **6** - Financial Services **5** - Healthtech **5** ## Cheques by Quarter Led Joined 10 Q1 25 14 Q2 25 11 Q3 25 11 Q4 25 16 Q1 26 8 Q2 26 13 Q3 26 8 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms at early stage 6,133](https://millionrounds.com/lists/vc-firms-at-early-stage) - [VC firms at seed 3,708](https://millionrounds.com/lists/vc-firms-at-seed) - [VC firms at Series A 3,249](https://millionrounds.com/lists/vc-firms-at-series-a) - [VC firms at pre-seed 1,689](https://millionrounds.com/lists/vc-firms-at-pre-seed) - [VC firms at Series B 1,595](https://millionrounds.com/lists/vc-firms-at-series-b) - [VC firms at growth 1,005](https://millionrounds.com/lists/vc-firms-at-growth) - [VC firms at Series C 958](https://millionrounds.com/lists/vc-firms-at-series-c) - [PE firms at growth 772](https://millionrounds.com/lists/pe-firms-at-growth) - [PE firms at Series B 700](https://millionrounds.com/lists/pe-firms-at-series-b) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders at Series B and scaling - Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible - One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible - The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible - Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about venture debt providers at growth ### Who are the most active venture debt providers at growth? By cheques observed, the most active are Hercules Capital, Alteria Capital, Claret Capital Partners, BDC Capital and Columbia Lake Partners. ### How many venture debt providers at growth are there? 11 are on record. 82% made an investment in the last 12 months and 45% have led a round. ### Which stages do venture debt providers at growth back? Of the rounds with a named stage in the last 12 months, mostly Growth (28%) and Debt (28%). ### How big are the rounds venture debt providers at growth join? The typical (median) round among the leading investors here is $33M. ### Which sectors do venture debt providers at growth back most? In the last 12 months, mostly AI, Healthcare and Biotech. ### Which venture debt providers at growth lead the most rounds? BDC Capital (7 led), Claret Capital Partners (5 led) and Vumela Fund (2 led). ### Where are venture debt providers at growth based? Among the most active, most are based in the United States (4), the United Kingdom (4) and India (1). ### What have venture debt providers at growth invested in recently? Recent rounds include Amaha (Other, Oct 2026, with Alteria Capital), CureBay (Series C, Oct 2026, with Alteria Capital) and Platform Accounting Group (Growth, Oct 2026, with Treville Capital Group). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)