Download the Venture Debt Guide
Venture debt has become an increasingly important part of the funding toolkit for software and high-growth technology companies, yet it remains one of the least understood forms of growth capital.
Many founders and operators default to equity because it's familiar. But venture debt isn't designed to replace equity, it's designed to complement it. Used strategically, it can extend runway, reduce dilution, fund acquisitions, or help a business reach its next milestone without giving up unnecessary ownership.
This guide explains how venture debt works, when it makes sense, what lenders look for, how to compare it with equity, and how to evaluate a term sheet with confidence. Whether you're raising capital today or simply planning ahead, it's designed to help founders and finance leaders make better funding decisions.
30 pages of practical guidance covering:
- What is venture debt? Learn how venture debt works and where it fits within the capital stack.
- Venture debt vs venture capital Understand the trade-offs between debt and equity.
- Types of growth credit Compare term loans, R&D lending, revenue-based finance and more.
- When venture debt makes sense Know when debt is the right tool, and when it isn't.
- What lenders look for The key metrics and characteristics lenders assess.
- The true cost of venture debt Compare interest costs with the long-term cost of dilution.
- How to read a term sheet Understand the clauses that matter before you sign.
- Beyond the term sheet Practical considerations once funding is in place.


