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Venture debt – the better option?

Consider this…Company X is out of startup territory, with annualized revenue north of $2 million and growing fast. Company X needs to fund its growth, but it’s not quite at break-even yet, has no significant tangible assets to pledge as collateral, and has few financing options. In a PE Hub Canada feature article, Trevor Simpson, associate director, Private Capital, at FirePower Capital, discusses whether venture capital or venture debt is the answer.