Hercules Capital provides up to $150m term loan to Rocket Pharmaceuticals
Rocket drew $35m at closing, with the rest available at its option, on a milestone or subject to lenders' investment committee approval.
2 min read7 Oct 2026Alex Price
Founder & Editor
Alex Price is the founder & editor of Undiluted. Having previously built and sold an agency and media business to a debt financed roll up, he launched Undiluted in 2026. Alex talks with lenders & advisors across the growth debt ecosystem daily, tracking the news and trends shaping the market.
LinkedIn (opens in a new tab)Deals Deals Western Alliance Bank provides facility in Aventra’s $17.5m Konvoy-led fundraise
The debt facility will support production, expanded flight testing and work on a new, unannounced platform.
1 min read6 Oct 2026Deals SVB, Hercules and Pinegrove team up again with $100m for Capitolis
The wider $220m package includes a $120m Series E led by Citi at a $1.9bn valuation and will support the fintech’s planned purchase of eSecLending.
2 min read6 Oct 2026Deals Silicon Valley Bank provides $2m venture debt to Torch Systems
California-based Torch Systems monitors electric grids and infrastructure for utility customers, with the venture debt sitting alongside a $9.5m SAFE equity raise.
1 min read6 Oct 2026Deals Eurasian Development Bank upsizes Uzum facility to $100m
The additional financing will support the development of Uzum's fintech business and the expansion of digital financial services for individuals and SMEs across Uzbekistan.
1 min read6 Oct 2026Deals Danube Flow completes first deal as Orbit Capital provides venture debt to CleanCloud
The London-based laundry software company is using the financing to support its acquisition of Australian payments business Tangerpay.
1 min read5 Oct 2026Deals HSBC & Trinity Capital provide venture debt as Zenflow raises $52 million Series D
Proceeds will accelerate the commercial launch of the Zenflow Spring System following FDA premarket approval in December 2025 and a US distribution deal with Cook Medical.
1 min read5 Oct 2026Deals Allen Control Systems secures $150m debt package from SVB, Hercules & Pinegrove
The funding will support manufacturing scale-up as the defence technology startup brings a North Austin plant online.
1 min read5 Oct 2026Deals QpiAI raises ~$5.2m via NCDs from InnoVen Capital
The venture debt follows the quantum computing and AI company's $32m Series A in July 2025.
1 min read5 Oct 2026Raising Growth Debt How to compare venture debt term sheets
A practical framework for how to compare venture debt term sheets across cash availability, total cost, repayment, covenants, security and warrants.
10 min read3 Oct 2026