TriplePoint Capital

Best for: Venture-backed tech and life sciences companies, Series A to pre-IPO, that want $5 million to $75 million of non-dilutive debt and can grant a senior lien plus warrants.

Not for: Bootstrapped businesses, companies without institutional VC investors, or founders who need under $1 million, want a revenue-linked payment, or will not pledge IP.

Lender List verdict: TriplePoint Capital has lent to venture-backed companies since 2006, with $15 billion-plus committed to more than 1,000 of them; independent reviewers call it flexible but expensive. Our $10 million example costs about 12.6% APR before warrant value.

TriplePoint Capital at a glance

TriplePoint Capital lends $1 million to $75 million to venture-backed companies as growth loans of 36 to 60 months, equipment loans and revolving lines.

What is TriplePoint Capital?

TriplePoint Capital is a Menlo Park, California venture lender launched in 2006 by Jim Labe and Sajal Srivastava that has committed more than $15 billion to over 1,000 companies.

It lends mainly from Series A to pre-IPO, though its platform also covers seed. Its affiliate BDC, TriplePoint Venture Growth (TPVG), has traded on the NYSE since March 2014.

How TriplePoint Capital venture debt works

TriplePoint Capital venture debt is a senior secured loan, usually 36 to 60 months, that starts interest-only or with light amortization and carries warrants and an end-of-term payment.

• Growth capital loans: $5 million to $75 million; most principal deferred 24 to 48 months, or a balloon at maturity
• Equipment financing: 36 to 48 month loans or leases secured only by the equipment
• Revolving lines: $1 million to $75 million for 12 to 36 months, sized on receivables or revenue
• Security: a first lien on all assets, plus a pledge of, or negative pledge over, your IP

Who qualifies for TriplePoint Capital

TriplePoint Capital lends only to companies backed by venture capital investors, mainly Series A to pre-IPO (its platform also covers seed).

Its listed BDC looks for venture growth stage companies with an annualized revenue run rate of at least $20 million. Earlier deals are possible: its intake form starts at a $0 to $5 million revenue band.

TriplePoint Capital rates, fees and warrants: what it really costs

TriplePoint Capital targets an unlevered yield of 10% to 18% on growth loans and charges Prime plus 1% to 10% on revolving lines; its BDC funded new loans at a 12.8% average yield in Q2 2026.

• Interest: fixed or floating (Value Add VC: SOFR plus 6% to 9%)
• Fees: upfront, end-of-term and prepayment fees; percentages not published
• Warrants: 2% to 10% of the commitment per the BDC's filings (Value Add VC: 0.75% to 2%), priced at your last round

Worked example: a $10 million growth loan at 11% with a 1% upfront fee ($100,000) and a 4% end-of-term payment ($400,000) (Value Add VC's market norms), plus 12 months interest-only and 36 months of amortization. Payments are $91,667 a month in year one, then $327,387. Interest totals $2.89 million, so total cost is about $3.39 million, roughly 12.6% APR. Warrants at 2% coverage add $200,000 of stock at your last round price.

TriplePoint Capital requirements

TriplePoint Capital publishes no credit score minimum; it underwrites the company, and VC backing is the gate.

Pros and cons

TriplePoint Capital offers stage range at the price of warrants, fees and a full lien.

Pros

• Lends from Series A, earlier than many BDC lenders
• Equipment loans and revolving lines alongside term debt
• Most principal deferred 24 to 48 months, protecting runway
• Equity co-investment rights of $100,000 to $5 million, with no board seat
• Forward commitments you can draw later, per Kruze Consulting

Cons

• No rates or fees published on its own site
• Expensive, per Kruze Consulting: higher rates and warrant coverage, plus fees
• Senior lien on all assets, including IP
• Not open to companies without venture capital backing

TriplePoint Capital vs. Hercules Capital vs. Lighter Capital

TriplePoint Capital lends up to $75 million, against $500 million at Hercules Capital and $4 million per plan at Lighter Capital.

Hercules Capital figures are from its own site and SEC filings; Lighter Capital figures are from its own site, checked 2026-10-26.

Choose TriplePoint Capital for $5 million to $75 million at Series A to pre-IPO. Choose Hercules Capital for $25 million or more at a later stage. Choose Lighter Capital for smaller SaaS needs without warrants.

TriplePoint Capital alternatives on Lender List

TriplePoint Capital's closest alternatives on Lender List are Hercules Capital and Lighter Capital.

• Hercules Capital — larger, later-stage venture loans up to $500 million
• Lighter Capital — revenue-based and term loans for SaaS without warrants
• Recurring revenue lending — loans sized to ARR
• Asset-based lending — lines against receivables and inventory
• Browse all venture debt lenders on Lender List

Frequently asked questions about TriplePoint Capital

Is TriplePoint Capital the Same as TriplePoint Venture Growth (TPVG)? No, but they are linked. TriplePoint Capital is the private sponsor; TriplePoint Venture Growth BDC Corp. is a NYSE-listed business development company run by TriplePoint Advisers, a TriplePoint subsidiary. Borrowers work with the same TriplePoint team; stock questions belong at investor.tpvg.com.

What Does TriplePoint Capital Do? TriplePoint Capital provides venture debt, growth loans, equipment financing, revolving lines and equity to venture-backed companies, mainly Series A to pre-IPO. Sectors include AI, enterprise software, deep tech, healthcare, fintech and consumer brands; Value Add VC notes early loans to Facebook and Twilio.

How Much Capital Has TriplePoint Capital Committed? More than $15 billion to over 1,000 companies since 2006, according to TriplePoint. Its listed BDC held debt in 53 companies and warrants in 117 on June 30, 2026, and Kruze Consulting, a startup accounting firm, calls its capital base huge.

Where Is TriplePoint Capital Headquartered? TriplePoint Capital is headquartered at 2755 Sand Hill Road, Suite 150, in Menlo Park, California, in Silicon Valley. It also runs offices in New York City and Boston, Massachusetts, and its European lending business operates under the name TPVC Global Credit.

How Much Does TriplePoint Capital Venture Debt Cost? Usually a low-teens rate plus fees and warrants. TriplePoint targets a 10% to 18% yield on growth loans, and its BDC funded new loans at 12.8% in Q2 2026. Our $10 million example works out to about 12.6% APR before warrant value.

Does TriplePoint Capital Take Warrants? Yes. TriplePoint Capital usually takes warrants for preferred or common stock, priced at your last venture round. Its BDC filings put coverage at 2% to 10% of the commitment; Value Add VC reports 0.75% to 2%. It may also seek a right to invest in your next round.

How Do I Apply to TriplePoint Capital? You submit a two-step contact form on triplepointcapital.com listing your series, sector, revenue band and valuation band, plus your name, company and role. The team follows up; pricing arrives in a term sheet after diligence, with no instant online quote.

Is TriplePoint Capital Legit? Yes. TriplePoint Capital has lent to venture-backed companies since 2006, and its affiliated BDC files audited results with the SEC and trades on the NYSE. In Q2 2026 the BDC funded $47.8 million to 10 companies, and TriplePoint signed $306.8 million of non-binding term sheets.

Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.