Deals
A clearer view of the venture debt & growth credit ecosystem.
News, intelligence and resources covering the growth lending market and the people financing, advising and building growth companies.
Latest news
- Funds
Alteria and Trifecta win in-principle commitments from India's NPS Bharat fund of funds
- Deals
SP Growth Credit makes first loan to Jolla Mobile
- Markets
Capital Advisors Group launches Lenteris Advisors as growth-company debt advisory
- Deals
SG Credit Partners and Wingspire Capital expand Skylight credit facility to $75m
- Deals
Commerzbank and KfW provide €15m corporate loan to Everphone
- Deals
RevTek Capital backs Kickoff with second growth credit facility
- Deals
BNP Paribas provides €12.5m venture debt to listed French greentech AFYREN
Lead story
OAREX provides £4m receivables facility to Multilocal
The specialist digital-media lender's facility is backed by Multilocal's receivables, giving the adtech company growth capital without selling equity.
1 min read1 Oct 2026DealsLatest
Funds Alteria and Trifecta win in-principle commitments from India's NPS Bharat fund of funds
Alteria Capital says its fourth venture debt fund has an in-principle Rs 210 crore commitment, in what it calls the first set of commitments from Indian pension funds to alternatives.
1 min read1 Oct 2026Deals SP Growth Credit makes first loan to Jolla Mobile
The European Investment Fund (EIF) is the anchor investor in SP Growth Credit.
1 min read1 Oct 2026Markets Capital Advisors Group launches Lenteris Advisors as growth-company debt advisory
Stefan Spazek leads a Boston-based team advising on debt transactions from $10 million to more than $300 million, including venture debt and unitranche financing.
1 min read1 Oct 2026Deals SG Credit Partners and Wingspire Capital expand Skylight credit facility to $75m
The bootstrapped company plans to use the additional debt for new products, channels and markets.
1 min read1 Oct 2026
Education
Helping the market understand growth lending.
Growth lending brings together different financing approaches, investment strategies and areas of expertise. Understanding where each fits matters to everyone involved.
Our practical guides help companies, investors, lenders and advisers understand how financing works, the trade-offs involved and the questions worth asking.
Explore our guides- Understanding Growth LendingWhat options exist across venture debt, growth credit and other debt solutions, which lenders provide them, and how they differ from raising equity.
- Raising Growth DebtFrom first conversation with venture debt and growth credit lenders through to signed loan agreements and the first drawdown.
- Terms & StructuresUnderstand the terms of a debt facility and what they mean for your business.
- Managing Growth DebtAfter closing, learn how to manage your debt facility and stay on top of covenants, reporting and refinancing.
IntelligenceLaunching soon
Every lender, fund, adviser and deal in one place
Undiluted Intelligence tracks the global venture debt & growth credit market: who’s lending, who’s borrowing and who’s advising.
- Investors & Funds
- Limited Partners
- Deals
- Advisers
- LenderClaret Capital PartnersVenture & growth debtEurope€2.0M–€100.0M
- DealPearl HealthVenture debtUnited States$60.0M
- FundOrbit Growth Debt Fund IIGrowth debtCEE€107.0M
- AdviserFieldfisherVenture debt & growth financeUK & EuropeLenders & borrowers
Intelligence launches later this year — sign up to The Stack to be the first to hear.
Get launch updatesAbout Undiluted
Undiluted is the independent news and intelligence platform covering the global venture debt and growth credit market.
We track venture debt deals, growth credit facilities, lenders, funds and advisers, alongside practical resources for founders and CFOs raising debt capital.
Our coverage spans Europe, North America, MENA and APAC, with news, market intelligence, research, events and conversations with the people financing growth companies.
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Ways to get involvedShare your expertise. Build your presence in growth lending.
Help the market understand your approach, the companies you work with and the expertise you bring. Explore opportunities to contribute perspectives, share financing stories or register interest in a future partnership. Contribute to a stronger growth lending ecosystem.
Frequently asked questions
What is Undiluted?
Undiluted is an independent news & intelligence platform covering the global venture debt and growth credit market. We publish venture debt news, market intelligence, research and practical resources for founders, CFOs, lenders, investors and advisers involved in debt funding growth companies.
What venture debt and growth credit news does Undiluted cover?
Undiluted tracks venture debt deals, growth credit facilities, lender activity, fund launches and other developments across the growth lending market. Our coverage focuses on debt financing for startups, scale-ups and other high-growth companies, with news from Europe, North America, MENA and APAC.
What is venture debt?
Venture debt is a form of debt financing commonly used by venture-backed and high-growth companies alongside, or between, equity funding rounds. It can provide additional growth capital while allowing founders and existing shareholders to avoid some of the dilution associated with raising more equity.
For a deeper introduction, read our guide to venture debt.
What is growth credit?
Growth credit is a broader category of debt financing for growing companies. It can include venture debt, recurring-revenue loans, term loans and other forms of private credit designed for businesses that may not fit traditional bank lending criteria.
Undiluted covers the lenders, deals and structures shaping the global growth credit market.
Who is Undiluted for?
Undiluted is built for everyone participating in or raising capital from the venture debt and growth credit market. That includes founders and CFOs of growth companies, venture debt lenders, private credit funds, banks, investors, lawyers, debt advisers and other specialist service providers.
Does Undiluted cover the venture debt market globally?
Yes. Undiluted covers venture debt and growth credit across major technology and growth markets including the UK and Europe, the United States and Canada, the Middle East and selected markets across Asia-Pacific.
Our aim is to provide a clearer view of how the global growth lending market is developing across lenders, borrowers, deals and geographies.
What is Undiluted Intelligence?
Undiluted Intelligence is our market intelligence platform for understanding the venture debt and growth credit ecosystem. It is being developed to bring together information on venture debt lenders, funds, advisers, transactions and market activity in one place.
It is designed to help founders, CFOs and industry participants research the market, identify relevant lenders and understand who is active across different sectors, geographies and financing structures.