IP Venture Debt
For those companies whose lending profile encompasses a slightly different capital structure and exit horizon than that appropriate for our runway debt product, Newlight offers an attractive IP focused venture debt alternative.
Venture debt, broadly defined, provides venture-backed companies with the growth capital needed to fund their development, but without the dilution associated with an additional round of equity financing. Candidates for venture debt transactions are typically revenue producing companies that have taken in at least one round of capital from a venture capital fund but are still cash flow negative. In need of additional funds to help achieve financial milestones, but with a credit profile that does not meet traditional lending standards, such companies are often faced with the unpleasant prospect of a down round of financing.