For portfolio companies
Capital that’sneither debt nor equity.
For portfolio companies already operating — fifteen or more people, real revenue, real workflows — we place a new form of capital against the business itself. No equity given up, nothing borrowed against the balance sheet. It moves in weeks, not a fundraising cycle.
01 / How it works
A new form of capital, not a new liability.
This isn’t a round and it isn’t a loan. It’s capital placed against what the business already is, structured so nothing changes on the cap table and nothing gets added to the balance sheet.
01
No equity given up
Nothing added to the cap table, ever.
02
No debt on the balance sheet
Nothing borrowed, nothing to service.
03
Weeks, not a fundraising cycle
No deck, no roadshow, no term sheet to negotiate.
04
Terms discussed directly
Every company is different — nothing is priced in public.
02 / Who it’s for
Already operating
Fifteen or more people, real revenue, real workflows — not a pre-revenue idea.
By application
The same conversation-first vetting as everything else here. No deck, no cold submissions.
Confidential terms
What a given company qualifies for is discussed directly once you apply, never published.