Startup companies backed by minimum one well-reputed venture capital fund. Please note that even prominent business angels or corporate investors do not suffice in this aspect. Companies with a SaaS-focused business model is preferred.
Though taking on debt can be a risky affair, debt also has some advantages. Accordingly, a venture debt-facility will:
Vækstfonden’s venture debt-product was launched in the beginning of 2018.
Minimum 2m EUR/USD (or equivalent in DKK).
Typical main terms:
In order for Vækstfonden to be able to provide a venture debt loan facility, Vækstfonden inter alia needs to:
External counsel (financial consultants and lawyers) are typically engaged on the account of the company. The total process (from inquiry to disbursement of the loan) is estimated to 4-6 weeks.
The process is subject to standard credit committee approval (internally in Vækstfonden).
i) The quality of the venture capital fund who has invested in the company
ii) The company’s performance in relation to the metrics/KPI’s set out by the venture capital fund (as this will impact the likelihood of future equity investments by other venture funds)
Kim Lundberg - Senior Relationship Manager at Vækstfonden Venture Debt
Signe Marcussen - Senior Relationship Manager at Vækstfonden Venture Debt
Alexander Kielland - Project Manager at Vækstfonden Venture Debt
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