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Active investors writing cheques at this stage, from the Cut Through Venture investor database.
This page lists venture debt and revenue-based finance providers from the Cut Through Venture investor database. These lenders provide non-dilutive capital to Australian and New Zealand technology companies, usually alongside or between equity rounds, and do not take equity or board seats.
Venture debt has become a standard part of the Australian funding stack. Products range from R&D tax incentive advances and revenue-based loans for companies with a few hundred thousand dollars of annual recurring revenue, through to growth debt facilities of $10 million or more for scaling companies. Pricing and covenants vary widely, so founders should compare the cost of capital against the dilution of an equity round at the same point.
Use the filters to narrow by sector, and read the latest quarterly report for how debt sits alongside equity in recent Australian rounds.
Kashcade is a Sydney-based venture debt and revenue-based finance provider specialising in R&D Tax Incentive financing for Australian and ANZ tech companies. It advances funds against anticipated ATO tax refunds within 24 to 48 hours on a non-dilutive basis and says it has deployed $150 million across 250 companies in 20 industries. Clients include PHM Technology, EncompaaS and Identitii.
View profileLighter Capital Australia is a revenue-based finance provider based in Sydney, operating as the Australian arm of a firm founded in the United States in 2012. It provides non-dilutive revenue-based loans and term debt of up to $10 million to SaaS and tech startups with a minimum of $200,000 in annual recurring revenue, and says it has financed 600 companies globally.
View profileMighty Partners is a Sydney-based venture debt and growth credit provider serving high-growth technology businesses in Australia and New Zealand. It offers non-dilutive debt funding of up to $10 million and R&D finance of up to $5 million, and its clients include BuildPass, Deckard Technologies, Eucalyptus and Spacer Technologies.
View profilePartners For Growth is a venture debt and growth lending firm headquartered in San Francisco, founded in 1990, with a Sydney office serving the Australian market. It provides flexible growth debt and asset-backed financing to tech-enabled companies globally, co-managing funds with partners including SVB and IDB Invest, and reports more than 250 portfolio companies worldwide.
View profilePipeline Capital is a Gold Coast-based venture debt provider investing from pre-seed and seed through to Series B and beyond. Its recent deals span hardware and robotics, vertical business software, marketplaces and cybersecurity, and it combines capital with mentorship and strategic support for entrepreneurs. Recent investments include GreaseBoss and Console Group.
View profileTractor Ventures is a venture debt and revenue-based finance provider based in Melbourne, founded in 2020 to offer non-dilutive capital to Australian and New Zealand tech companies. It offers Growth Capital, Lines of Credit, R&D Advances and Venture Debt, and has disbursed more than $150 million to over 280 companies without taking equity or board seats.
View profileVenture debt is a loan to a venture-backed or high-growth technology company, typically repaid over one to four years and sometimes paired with warrants. Unlike an equity round it does not dilute founders or existing investors, and the lender does not take a board seat.
The Australian market includes specialist lenders such as Tractor Ventures, Lighter Capital, Kashcade, Mighty Partners, Pipeline Capital and Partners For Growth, along with some banks and private credit funds. The list on this page covers every lender in the Cut Through Venture database that provides non-dilutive capital to startups.
Venture debt suits companies with predictable revenue that want to extend runway, fund a specific growth initiative or bridge to the next equity round without taking dilution. It is a poor fit for pre-revenue companies, because repayments start quickly and lenders size facilities on recurring revenue or R&D tax refunds rather than on future potential.
