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

Chris Metinko

Austin, Texas-based has raised nearly $269 million for a second fund, per an

The venture debt firm鈥檚 inaugural fund 鈥� with a $300 million target size 鈥� was backed heavily by in 2022.

鈥淪tartups have unique financial needs and Tacora has the expertise to serve them well,” said Thiel in a March 2022 . 鈥淚鈥檓 excited to be their first investor.鈥�

Tacora Capital provides venture debt to VC-backed startups. Traditionally, venture debt is debt raised usually in unison with raising equity by startups. The debt 鈥� often less structured and with fewer financial covenants than other forms of debt 鈥� is used for traditional growth purposes and is often lent based on the startup鈥檚 investors and/or where the company is in its growth.

Tacora has provided venture debt to companies including , and .

Busy times

It鈥檚 unclear if Thiel is participating in the new fund, but nevertheless it has been a busy time for the cofounder.

Late last month, it was his San Francisco-based firm is in talks to raise around $3 billion for a new growth-stage focused fund.

In 2023, the firm cut its planned $1.8 billion eighth fund by about half and rolled over the remaining money into a ninth fund.

Founders Fund 鈥� whose investments over the years include , and 鈥� had a busy 2024, making several high-profile investments in companies such as fintech startup , defense startup , and AI and data platform .