TriplePoint Capital, a Menlo Park, CA-based provider of debt financing, leasing and direct equity investments to venture capital-backed companies, has closed on $1bn of private capital funds.
With this funding, TriplePoint will continue to grow its portfolio of venture debt financing and equity investments, as well as expand its product offering of debt financing and leasing solutions to venture capital-backed companies. The firm also plans to broaden its geographic focus both domestically and internationally.
The capital was raised from institutional and private funds managed by Wafra Capital Partners and other private investors.
Goldman Sachs served as advisor for the financing.
Founded in 2006 by CEO Jim Labe, TriplePoint has committed almost $2bn in venture debt financing, leasing and equity investments to its customers, which include approximately 300 venture capital-backed companies such as Facebook, YouTube, AppNexus, Bloom Energy, Chegg, Etsy, Gilt Groupe, Oncomed Pharmaceuticals, One Kings Lane, Shazam Entertainment, Splunk and Square, among the others.