Minh Le has been extremely busy. He assists entrepreneurs in obtaining various lines of credit as a market manager for Silicon Valley Bank’s Washington and Western Canada region. 

As it becomes increasingly difficult to raise traditional venture capital, he advises looking at alternative financing instruments such as venture debt or revolver loans.

Debt, on the other hand, comes with its own set of constraints: increased financial scrutiny, strict limits on growth and spending, and obligations to repay the loan principal.

According to PitchBook data, the second largest quarter in terms of total venture debt value over the last decade was last year’s Q2.

According to PitchBook’s Venture-Monitor report, debt deal value for tech had surpassed 2021 numbers by the end of the year, with more than $29 billion raised across 2,188 deals.