Peter Thiel-backed venture debt firm Tacora raises $268.7M for new fund

Tacora Capital raised $268.7M for its second venture debt fund.

: Tacora Capital, backed by Peter Thiel in its inaugural fund, raised $268.7 million for its second fund. The recent fundraising involved 28 unnamed investors but did not confirm Thiel's involvement. Tacora provides non-dilutive financing options, focusing on businesses with capital-intensive needs like fintech and hardware. Founded in Austin, Texas, Tacora aims to offer flexible financing solutions to support startups.

Tacora Capital, a Texas-based venture debt firm, successfully raised $268.7 million for its second fund, as recorded in a latest SEC filing. Their inaugural fund in 2022 managed to secure around $350 million, notably including a sizable $250 million contribution from Peter Thiel, a renowned investor.

While it's uncertain if Thiel participated in the recent fund, the filing lists 28 unnamed investors. Keri Findley, the founder, refrained from discussing Thiel's potential involvement, and his representatives did not respond in time for comments.

Tacora, founded in 2021 in Austin, targets companies with extensive capital needs, like fintech and hardware firms. This venture debt approach appeals to founders looking for financing without diluting equity stakes, though it carries risks if startups struggle to repay.

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