TriplePoint Capital is a venture debt firm that provides financing to early and growth-stage venture-backed companies. Their primary focus is on companies in the software, technology, life sciences, and clean tech industries. TriplePoint Capital is headquartered in Menlo Park, CA, and was founded in 2006 by Jim Labe and Sajal Srivastava. Since then, they have committed over $10 billion in funding to more than 1,000 companies including Ring, Nutanix, Chegg, and Beyond Meat.
TriplePoint primarily focuses on seed investing, strategic lead investing, and partnering with venture firms to provide entrepreneurs with the necessary resources to achieve profitability and scale their businesses.
About TriplePoint Capital
TriplePoint Capital provides growth capital to venture-backed SaaS, technology, life sciences, and cleantech companies and is a wholly-owned venture debt subsidiary of TPC Companies.
TriplePoint Capital is broken down into TriplePoint Ventures, TriplePoint Financial, TriplePoint Private Venture Credit, TriplePoint Venture Growth, and TriplePoint Co-Investment & Special Opportunities.
TriplePoint has helped over 346 portfolio companies both nationally and internationally with 42 successful exits. Some of its most notable portfolio companies include Beyond Meat, Chegg, Facebook, Farfetch, MongoDB, Shazam, Square, Toast, Workday, and YouTube.
Eligibility and Products Offered
TriplePoint Capital provides growth capital to companies at any stage through various custom financing solutions. They offer a suite of growth capital products that can be structured in various ways to provide the most flexible solutions for their portfolio companies.
TriplePoint's venture debt solutions are made to develop alongside clients' increasingly specialized demands. As such, they can make capital commitments ranging from $10,000 to $100 million. Their venture debt solutions are broken up into two groups, asset-based solutions and purpose-based solutions.
Asset-Based Venture Debt Solutions
Asset-based solutions include equipment leases, equipment loans, and equipment acquisition companies that purchase and finance client equipment.
Other solutions include
- Lab or data center financing
- Manufacturing capacity expansion
- Manufacturing capacity build-out
- Inventory financing
- Domestic & international accounts receivable
- SaaS, MRR, and ARR financing for recurring revenue businesses
- Custom financing solutions based on business need
Purpose-based Venture Debt Solutions
Purpose-based solutions are designed for companies with a specific strategic objective or business challenge in mind. This includes:
- Pre-IPO & IPO financing
- Growth capital loans
- Vendor financing
- Runway extension
- Domestic and international expansion
- Asset, IP, and team acquisition
- Supplier and strategic partner deposits
- Revolvers
- Buy-out, spin-out, and merger/sale financing
- Mezzanine or subordinated loans
- Custom purpose-based financing based on business needs,
In addition, TriplePoint Capital offers specialized industry and stage-related financing.
How to Apply
To apply for financing with TriplePoint Capital, founders should fill out a contact request form on TriplePoint’s website. From there, individuals should expect to have a call with a senior member of their investment team (Source - August 2022).
Capchase vs. TriplePoint Capital
In addition to financing using venture debt from Triple Point Capital, founders and startups can work with Capchase. When compared to TriplePoint Capital, Capchase’s funding model is designed to remove excess fees that can save clients up to 50% when compared to traditional venture debt providers (Source – June 2022).
It can be helpful to see the differences between Capchase and TriplePoint Capital side-by-side. This is especially true for key areas like speed to funding, flexibility, structure & fees, and value add.
Speed
Capchase
24 hours to underwrite (led by a tech-driven & highly responsive underwriting system)
TriplePoint Capital
Often a long diligence process
Flexibility
Capchase
Highly Flexible: No traditional financial covenants on amounts financed
TriplePoint Capital
Fairly flexible: No minimum net worth, working capital, current ratio, quick asset ratio, liquidity ratio, or debt-to-equity ratio is required to apply
Structure & Fees
Capchase
Transparent & Simple: No prepayment fees, closing fees, warrants, or hidden fees
TriplePoint Capital
Often include terms around prepayment, expensive closing process, warrants, admin fees
Value Add
Capchase
A prescriptive funding plan
TriplePoint Capital
Discrete funding events
