Based in Austin, Texas The capital of Tacora raised nearly $269 million for a second fund Filing an application with the SEC.
The enterprise debt firm’s inaugural fund – with a goal size of $300 million – was heavily backed by Peter Thiel in 2022
“Startups have unique financial needs, and Tacora has the expertise to serve them well,” Thiel said in a March 2022 report. release. “I am excited to be their first investor.”
Tacora Capital provides enterprise debt to VC-backed startups. Traditionally, enterprise debt is debt typically incurred in conjunction with startups raising capital. Debt – often less structured and with fewer financial strings than other types of debt – is used for traditional growth purposes and is often borrowed based on the startup’s investors and/or where the company is in its growth phase.
Tacora has provided enterprise debt to firms akin to FlexPoint, Extra AND Wait for further information.
Busy times
It’s unclear whether Thiel is participating in the latest fund, but it has been a busy time for him nonetheless PayPal co-founder.
This was the case at the end of last month reported is based in San Francisco Founders Fund the company is in talks to lift about $3 billion for a latest fund focused on the growth phase.
In 2023, the company cut its planned $1.8 billion eighth fund by about half and moved the remaining funds to its ninth fund.
Founders Fund – whose investments over the years include Airbnb, Palantir Technologies AND Stripe — had a busy 2024, making some significant investments in firms akin to fintech startup Ramplaunch of defense Anduril Industryand artificial intelligence and data platform Data cubes.