# Venture debt providers (2026 list) > 1,011 venture debt providers, 2% active in the last 12 months. Led by Hercules Capital, Alteria Capital, InnoVen Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/venture-debt (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Venture debt providers Updated 7 November 2026 Venture debt providers, ordered by what we have observed them do. Type is read from the firm's own website wherever we could reach it. [See all 1,011 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fventure-debt)The top 25 **1,011** investors on the list No change this week **78** cheques in 12 months *+5%* against the market **$16M** median round they joined *+95%* against the market median **2%** wrote a cheque in 12 months **2%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (11) - 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 [InnoVen Capital](https://millionrounds.com/fund/innoven-capital-india) *Deploying now* Venture debt · India **78** **$10M** median round **Oct 2026** last seen - 4 [Horizon Technology Finance](https://millionrounds.com/fund/horizon-technology-finance) quiet Venture debt · United States **42** **$9.3M** median round **Apr 2017** last seen - 5 [Claret Capital Partners](https://millionrounds.com/fund/claret-capital-partners) *Deploying now* Private credit · United Kingdom **34** **$16M** median round **Oct 2026** last seen - 6 [Leonid Capital Partners](https://millionrounds.com/fund/leonid-capital-partners) *Deploying now* Private credit · United States **32** **$8.5M** median round **Oct 2026** last seen - 7 [BDC Capital](https://millionrounds.com/fund/bdc-capital) *Deploying now* Private credit · United States **31** **$4.2M** median round **Sept 2026** last seen - 8 [Escalate Capital](https://millionrounds.com/fund/escalate-capital) quiet Private credit · United States **12** **$43M** median round **Aug 2023** last seen - 9 [Cypress Growth Capital](https://millionrounds.com/fund/cypress-growth-capital) quiet Private credit · United States **11** **$2M** median round **Nov 2018** last seen - 10 [MidCap Financial](https://millionrounds.com/fund/midcap-financial) quiet Private credit · United States **9** **$25M** median round **Feb 2018** last seen - 11 [ETV Capital SA](https://millionrounds.com/fund/etv-capital) dormant Venture debt · United Kingdom **8** **$5.5M** median round **Apr 2010** last seen - 12 [Trilogy Capital](https://millionrounds.com/fund/trilogy-capital) quiet Private credit · Canada **6** **$14M** median round **Mar 2019** last seen - 13 [Balance Point Capital](https://millionrounds.com/fund/balance-point-capital) quiet Private credit · United States **5** **$38M** median round **Jun 2019** last seen - 14 [CORE CAPITAL](https://millionrounds.com/fund/core-capital) quiet Private credit · Czechia **5** **$8.7M** median round **Oct 2019** last seen - 15 [Columbia Lake Partners](https://millionrounds.com/fund/columbia-lake-partners) quiet Private credit · United Kingdom **5** **$33M** median round **Apr 2025** last seen - 16 [Core](https://millionrounds.com/fund/core-investment-properties-fund) quiet Private credit · United States **5** **$9M** median round **Jun 2019** last seen - 17 [Creation Investments Capital Management, LLC](https://millionrounds.com/fund/creation-investments) quiet Private credit · United States **5** **$35M** median round **Oct 2024** last seen - 18 [Falcon Investment Advisors](https://millionrounds.com/fund/falcon-investment-advisors) quiet Private credit · United States **5** **$40M** median round **Sept 2015** last seen - 19 [Growth Impact Fund](https://millionrounds.com/fund/growth-impact-fund) *Deploying now* Private credit · United Kingdom **5** **$497K** median round **Jul 2026** last seen - 20 [Oberland Capital](https://millionrounds.com/fund/oberland-capital) *Deploying now* Private credit · United States **5** **$140M** median round **Jan 2026** last seen - 21 [SRM Ventures](https://millionrounds.com/fund/srm-ventures) *Deploying now* Venture debt · Brazil **5** **$5.5M** median round **Jan 2026** last seen - 22 [Gladstone Capital](https://millionrounds.com/fund/gladstone-capital) quiet Private credit · United States **4** **$15M** median round **Mar 2014** last seen - 23 [Greenline Ventures](https://millionrounds.com/fund/greenline-ventures) quiet Private credit · United States **4** **$9.5M** median round **Oct 2017** last seen - 24 [The O.H.I.O. Fund](https://millionrounds.com/fund/the-o-h-i-o-fund) *Deploying now* Private credit · United States **4** **$15M** median round **Nov 2026** last seen - 25 [AfricaGoGreen Fund](https://millionrounds.com/fund/africa-go-green-fund) *Deploying now* Private credit · United Kingdom **3** **$50M** median round **Sept 2026** last seen **986 more on this list** All 1,011 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fventure-debt) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Betski](https://millionrounds.com/company/betski)** Other · $15M *Led by* [Nimbus Capital](https://millionrounds.com/fund/nimbus-capital) - **5** Nov **[Northstone Resources Limited](https://millionrounds.com/company/northstone-resources-limited)** Other · $1.7M *Led by* [GBA Capital](https://millionrounds.com/fund/gba-capital) - **3** Nov **[T45 Labs](https://millionrounds.com/company/t45-labs)** Other *With* [The O.H.I.O. Fund](https://millionrounds.com/fund/the-o-h-i-o-fund) - **26** Oct **[Amaha](https://millionrounds.com/company/amaha)** Other · $11M *With* [Alteria Capital](https://millionrounds.com/fund/alteria-capital) - **26** Oct **[6P Condo](https://millionrounds.com/company/6p-condo)** Other *With* [Chimera Capital](https://millionrounds.com/fund/chimera-capital) - **21** Oct **[CureBay](https://millionrounds.com/company/curebay)** Series C · $11M *With* [Alteria Capital](https://millionrounds.com/fund/alteria-capital) ## Stages This Year 74 rounds - Other **22%** - Debt **22%** - Growth **14%** - Venture **8%** - Seed **7%** - Other **28%** ## What They Backed Sectors, last 12 months - AI **19** - Healthcare **13** - Fintech **13** - Biotech **8** - Financial Services **8** - Automotive & EVs **7** ## Cheques by Quarter Led Joined 15 Q1 25 21 Q2 25 23 Q3 25 16 Q4 25 25 Q1 26 14 Q2 26 20 Q3 26 15 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms 63,814](https://millionrounds.com/lists/vc-firms) - [PE firms 29,284](https://millionrounds.com/lists/pe-firms) - [Solo angels 6,544](https://millionrounds.com/lists/solo-angels) - [Family offices 6,263](https://millionrounds.com/lists/family-offices) - [Corporate VCs 5,452](https://millionrounds.com/lists/corporate-vcs) - [Growth equity firms 3,838](https://millionrounds.com/lists/growth-equity-firms) - [Incubators and accelerators 3,523](https://millionrounds.com/lists/incubators-accelerators) - [Institutional LPs 2,744](https://millionrounds.com/lists/institutional-lps) - [Startup studios 2,384](https://millionrounds.com/lists/startup-studios) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about venture debt providers ### Who are the most active venture debt providers? By cheques observed, the most active are Hercules Capital, Alteria Capital, InnoVen Capital, Horizon Technology Finance and Claret Capital Partners. ### How many venture debt providers are there? 1,011 are on record. 2% made an investment in the last 12 months and 2% have led a round. ### Which stages do venture debt providers back? Of the rounds with a named stage in the last 12 months, mostly Debt (33%) and Growth (20%). ### How big are the rounds venture debt providers join? The typical (median) round among the leading investors here is $14M. ### Which sectors do venture debt providers back most? In the last 12 months, mostly AI, Healthcare and Fintech. ### Which venture debt providers lead the most rounds? BDC Capital (7 led), Claret Capital Partners (5 led) and Growth Impact Fund (5 led). ### Where are venture debt providers based? Among the most active, most are based in the United States (15), the United Kingdom (5) and India (2). ### What have venture debt providers invested in recently? Recent rounds include Betski (Other, Nov 2026, with Nimbus Capital), Northstone Resources Limited (Other, Nov 2026, with GBA Capital) and T45 Labs (Other, Nov 2026, with The O.H.I.O. Fund). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)