WTI Raises Nearly $300 Million for Venture Debt Fund

Western Technology Investment has closed its thirteenth venture debt fund with $294 million in capital commitments.


Western Technology Investment (WTI) announced the formation and close of the firm’s 13th venture debt fund. The fund raised $294 million and was oversubscribed by a select, diversified base of existing and new institutional private equity investors, many of whom have been with WTI for over ten years.

This new fund continues the firm’s 30-year history of investing debt and equity capital into venture-backed technology, healthcare and cleantech companies throughout the world and at all stages of development, from seed to post-IPO. Transactions range from $300 thousand to $20 million for early- to late-stage companies.

Founded in 1980, WTI has provided venture debt to leading companies including Facebook, Google, Palantir, Youku, Brocade Networks, Juniper Networks, InfoSeek, IDEC Pharmaceuticals and Cerent. Other notable portfolio companies include NanoSolar, IronPort Systems, Postini, Neutral Tandem, Ablation Frontiers, Quantcast, SciQuest, InvenSense, Medsphere, Volcano Therapeutics and ZeaChem.

Headquartered in San Jose, California, WTI has completed over $3 billion in financings to over 1,000 portfolio companies since inception. More information can be found at www.westerntech.com.