Venture Debt and Growth Finance | Fieldfisher
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Venture Debt and Growth Finance

Our Venture Debt and Growth Finance practice advises both lenders and borrowers on all types of venture debt and growth finance facilities. We have a long track record of advising banks, non-regulated lenders and borrowers in the UK and across Europe with the structuring and negotiating of these facilities.

The right venture debt or growth finance facility is critical for early and mid-stage businesses previously backed by venture capital or private equity. These facilities are attractive because they do not dilute investors’ equity, they can provide funds to scale operations, provide liquidity between equity rounds or a transformative acquisition, or help a company manage its day-to-day cashflow requirements. This can be achieved in a number of ways, including term loans, working capital lines, receivables financing facilities, asset-based financing facilities and recurring revenue and other borrowing-based lines of credit.


Why choose our Venture Debt and Growth Finance lawyers?

We are a forward-thinking team with expertise across a number of sectors, including Technology (software, fintech, cleantech and edtech), Financial Services, Healthcare and Life Sciences. For a number of years we have advised on venture debt and growth finance facilities, putting in place typical security packages, warrant instruments and subordination arrangements. The breadth of our client base, combined with the range of transactions we advise on, provides us with a well-rounded view of the market and a deep understanding of the issues that concern stakeholders of early and mid-stage businesses and the pressures they face. So, whether we are acting for a lender or a borrower, we adopt a commercial and pragmatic approach, mindful of the competing issues, whilst robustly protecting our client's interests.


Our clients know that we can draw on the experience of our colleagues from other practice areas across multiple jurisdictions which are relevant to the transaction, including Corporate, Tech & Data, Intellectual Property, Privacy, EU Regulatory, Tax &Structuring, Restructuring & Insolvency and Dispute Resolution.

Emerging Companies and Venture Capital Wrap 2022

Fieldfisher's international Emerging Companies and Venture Capital team recorded another stellar year for venture capital & growth equity financing transactions in 2022, advising on venture financing deals with an aggregate value in excess of US$1.3 billion (€1.2 billion).

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Notable deals and highlights

  • Long term panel advisor to a UK innovation bank advising on all aspects of its venture and growth loan portfolio, including putting in place term loan facilities, recurring revenue and other receivables based facilities and the associated security and warrant documents.
  • Advising a UK bank on the launch of its growth capital product, including producing template documentation and acting on all aspects of its growth capital loan portfolio.
  • Advising Oh Goodlord Limited in connection with its £12,000,000 term loan facility made available by Columbia Lake Partners.
  • Advising FitXR in connection with its US$15,000,000 facility made available by TriplePoint.
  • Advising a UK fintech software platform on a £2,500,000 SEIS/EIS and preferred equity investment from a European venture capital fund.
  • Advising a Swiss bank on a number of loans to high-growth fintech businesses.
  • Advising a European investment fund on a €20,000,000 term facility made available to a UK fintech business.

Key Contacts

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