TriplePoint Venture Growth BDC Corp.
TriplePoint Venture Growth BDC Corp. is an externally managed, closed-end investment company organized as a business development company focused on venture growth. It provides debt and equity financing to venture growth stage technology and life sciences companies, typically through growth capital loans, equipment financings, lines of credit, revolving facilities, and direct equity investments that may include warrants. Investment sizes range from about 0.1 million to 50 million depending on product type, with equity investments generally not exceeding a small share of the target's total equity. The company does not take board seats in portfolio firms and aims to deliver current income with a portion of capital appreciation. It operates under the sponsorship of TriplePoint Capital, leveraging a network of venture investors to support high growth, venture backed software, hardware and life sciences companies worldwide. The firm is based in Menlo Park, California, and serves portfolio companies through its sponsored structure.
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Past deals in Series I
Sonder
Funding Round in 2022
Sonder is a hospitality company that designs, selects, and directly manages a portfolio of apartment-style accommodations, including rooms, suites, apartments, and boutique hotel properties, for short- and long-term stays. It operates in more than 30 cities across eight countries and three continents, with each property chosen, designed, and managed by the company. The business blends well-designed spaces with a technology-driven service model, supported by a mobile app that enables self-service features and 24/7 on-the-ground support. By offering flexible stays such as month-to-month arrangements, Sonder delivers modern, consistent experiences across diverse locations.
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