Peter Thiel-Backed Tacora Capital Has Raised Nearly $270M For Second Debt Fund — Filing

Headquartered in Austin, Texas Tacora Capital Reportedly raised nearly $269 million for second fund SEC Filings.

The venture debt firm’s debut fund targets $300 million and is backed by: Peter Thiel 2022.

“Startups have unique financial needs, and Tacora has the expertise to serve them well,” Thiel said in a March 2022 report release. “I’m excited to be their first investor.”

Tacora Capital provides venture debt to venture capital-backed startups. Traditionally, venture debt is debt that is typically raised at the same time as a startup raises equity. These debts are typically less structured and have fewer financial covenants than other forms of debt, are used for traditional growth purposes, and are often borrowed based on the startup’s investors and/or the company’s stage of development.

Tacora has provided venture debt to the following companies: Flexible point, Actras and Please pay attention.

busy period

It’s unclear whether Thiel is involved in the new fund, but nonetheless, the period has been PayPal Co-founder.

At the end of last month, it was report His headquarters is in San Francisco Founders Fund The firm is in talks to raise about $3 billion for a new growth-stage focused fund.

In 2023, the company cut Planned $1.8 billion Eighth Fund About half and transfer the remaining funds into the ninth fund.

Founders Fund – investments over the years include Airbnb, Palantir Technology and stripe — A busy 2024, with several high-profile investments in fintech startups and more rampdefense starts Anduril Industriesas well as artificial intelligence and data platforms data block.

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Illustration: Dom Guzman