TLDR:
Alteria Capital has closed its third fund at $195 million, aiming to back startups in the consumer and fintech sectors with venture debt funding. The fund has already deployed 50% of its capital commitments to various portfolio companies.
- Alteria Capital announced the final close of its third fund at $195 million.
- The fund will back startups in the consumer and fintech sectors with debt funding of up to Rs 200 crore each.
Alteria Capital has also introduced a shorter duration scheme as part of the fund, targeting startups that require short-term debt for working capital requirements.
Venture debt firm Alteria Capital has successfully closed its third fund at Rs 1,550 crore (about $195 million), focusing on backing startups in the consumer and fintech sectors with debt funding of up to Rs 200 crore each. The firm has deployed 50% of the total capital commitments to portfolio companies, including One Card, Renee Cosmetics, Samunnati, and others.
Additionally, Alteria Capital has introduced a shorter duration scheme within the fund, targeting startups that need short-term debt to meet working capital requirements in the consumer and fintech sectors. The firm aims to provide returns of around 13% through this scheme, with a shorter loan tenor of up to 18 months compared to the traditional 36 months in a venture debt deal.
Overall, Alteria Capital’s latest fund close and the introduction of a shorter duration scheme highlight the firm’s strategic focus on supporting startups in key sectors, providing them with the necessary financial support to navigate challenges and drive growth.
