How Tacora Capital Plans to Revolutionize Startup Financing with a New Fund
Tacora Capital secures nearly $270 million for its second debt fund, enhancing startup financing options
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Tacora Capital, based in Austin, Texas, raised nearly $269 million for its second fund, as indicated in an SEC filing. The firm's first fund, which targeted $300 million, received notable backing from Peter Thiel in 2022. Tacora Capital provides venture debt to venture capital-backed startups, often raised alongside equity funding and with fewer restrictions than traditional loans. This debt type supports growth and gets evaluated based on the startup's investors and its stage of development. Tacora has collaborated with companies such as FlexPoint, Exectras, and StayTuned. Meanwhile, the status of Thiel's participation in the new fund is unclear, even as his Founders Fund explores raising approximately $3 billion for a new growth-stage-focused fund. Last year, the Founders Fund downsized its planned $1.8 billion eighth fund by half, reallocating the remaining capital to a ninth fund. Notable investments from Founders Fund include Airbnb, Palantir Technologies, and Stripe. In the past year, it invested in startups such as Ramp, Anduril Industries, and Databricks.
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