Structural Capital
Structural Capital is a privately held Menlo Park-based investment firm, founded in 2014, that provides venture debt and strategic growth credit facilities ($10M–$100M+, 2–4 year terms) to growth-stage technology and technology-enabled companies seeking non-dilutive capital.
- Company typePrivate
- Founded2014
- HeadquartersMenlo Park, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Structural Capital does
Structural Capital is a privately held investment firm founded in 2014 and headquartered in Menlo Park, California. The firm provides strategic growth credit and venture debt solutions to growth-focused technology and technology-enabled companies, with typical debt facilities ranging from $10 million to $100 million+ and 2–4 year terms. Co-founded by Kai Tse (formerly Managing Director at TriplePoint Capital) and Larry Gross (formerly Vice Chairman of Idealab), the firm maintains a portfolio of approximately 50 companies spanning software, hardware, FinTech, EnergyTech, AgTech, and consumer sectors, and operates across North America and Europe.
The firm's two core products — Strategic Growth Credit and Venture Debt Solutions — are structured as flexible term loans featuring incremental capital unlocks tied to portfolio company milestones and amortization deferrals. Structural underwrites the borrower companies and management teams themselves rather than relying on sponsor cap-table support, and differentiates itself through a hands-on value-add approach that includes introductions to equity investors, management hires, potential customers, and acquisition targets. Notable portfolio outcomes include Noom (8x revenue growth from 2018 to 2020, followed by a $540M Series F in 2021), Beautycounter (4x revenue growth during the loan term and a $1B sale to The Carlyle Group in April 2021), Manscaped, Affinity Solutions (initial facility in 2019 with two subsequent upsizes), Ephesoft (acquired by Kofax in 2023), Interos.ai ($20M co-led with Blue Owl Capital in January 2026), Lassen Peak ($10M+ led in January 2026), and Sisu Clinic ($15M venture debt in 2025).
Revenue is generated through interest income on outstanding debt facilities and warrant participation in portfolio company equity rounds; transaction-level pricing is not publicly disclosed. The go-to-market is sales-led, relying on direct outreach and competitive advisor-led processes, with deployment cycles of 30–60 days. The senior team combines 80+ years of investment and operating experience, with alumni pedigree from TriplePoint Capital, Idealab, Trinity Capital, JPMorgan growth capital, Silicon Valley Bank, and Frank Rimerman.
Structural Capital firmographics
Firmographics- Name
- Structural Capital
- Legal name
- Structural Capital
- Website
- https://structuralcapital.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Structural Capital is a privately held Menlo Park-based investment firm, founded in 2014, that provides venture debt and strategic growth credit facilities ($10M–$100M+, 2–4 year terms) to growth-stage technology and technology-enabled companies seeking non-dilutive capital.
- Ownership category
- akta.pro rank
Structural Capital industry classification
Industry- Product category
- Venture Debt and Private Credit Lending
- NAICS
- Other Financial Vehicles (525990), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Private Credit / Direct Lending (FSAAAHAG)
- akta.pro secondary industry
- Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)
Keywords
Where Structural Capital is headquartered
LocationHeadquarters
- HQ city
- Menlo Park
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Structural Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Interest Income from Debt Facilities: Structural Capital generates revenue through interest payments on its debt facilities provided to portfolio companies. The firm offers term loans with flexible structures including incremental capital unlocks based on milestones and amortization deferrals.
- Warrant Participation: The firm may receive warrant participation in equity rounds as part of its non-dilutive capital structures, creating potential upside in portfolio company equity valuations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Growth Credit Facilities ($10M-$100M+) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Structural Capital product offering
Product offeringCore offering
Structural Capital is a private direct lender that provides strategic growth credit and venture debt facilities ranging from $10 million to $100 million+ to growth-focused technology and technology-enabled companies. Its debt solutions carry 2–4 year terms and feature incremental capital unlocks tied to company milestones, amortization deferrals, and occasional opportunistic equity checks or warrant participation. The firm underwrites portfolio companies and their management teams directly and supports use cases including growth initiatives, working capital, runway extension, debt refinancing, M&A funding, and secondary liquidity for equity holders.
Product overview
Structural Capital is a venture debt and strategic growth credit firm that partners with growth-focused technology and technology-enabled companies. The company offers two primary financial products: Strategic Growth Credit and Venture Debt Solutions. These offerings are designed to provide non-dilutive capital through flexible credit structures that support growth initiatives, working capital, runway extension, debt refinancing, M&A opportunities, and bridge financing. The firm underwrites the companies and management teams themselves and can provide capital from seed-stage through publicly traded companies, with typical structures including 2-4 year term loans with amortization deferrals and incremental capital unlocks based on milestones.
Differentiator
Problem solved
Functional benefit
Products and services
- Strategic Growth Credit Flexible credit solutions designed to help growth-focused technology and technology-enabled companies fund scale, profitability, runway, working capital, or acquisitions in a non-dilutive fashion. Targeted at VC and PE-backed companies seeking tailored debt structures with milestone-based capital unlocks and amortization deferrals.
- Venture Debt Solutions Tailored debt financing for technology and technology-enabled companies throughout their lifecycle, from seed-stage startups to publicly traded companies, structured as 2–4 year term loans with incremental capital unlocks based on milestones and amortization deferrals. Facility sizes range from $10 million to $100 million+.
Companies that use Structural Capital
Customer profileNamed customers8 records
Segments1 record
Ideal customer profiles1 record
Structural Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Structural Capital partnerships and signals
Strategic signalScale indicators9 records
Recent moves5 records
Expansion highlights5 records
Structural Capital competitors and assessment
Company assessmentDirect peers
- TriplePoint Capital: TriplePoint Capital is a direct peer - a venture lending firm serving VC-backed technology and life sciences companies with growth capital loans. Co-founder Kai Tse was previously a Managing Director at TriplePoint, and CFO Jay Taylor also worked there, making the firms closely comparable in business model, target customer, and product offering.
- Trinity Capital: Trinity Capital (NASDAQ: TRIN) is a direct peer - a venture debt firm providing growth capital to VC-backed companies. Several Structural Capital executives (CFO Jay Taylor, VP of Portfolio Management Crystal Voss) previously worked at Trinity Capital, indicating direct overlap in business model, target market, and product structure.
- Hercules Capital: Hercules Capital (NYSE: HTGC) is the largest publicly traded venture debt firm, providing senior secured loans to VC-backed technology and life sciences companies. It is a direct peer in target market (growth-stage tech companies), product structure (term loans with warrants), and customer base, though at meaningfully larger scale.
- Horizon Technology Finance: Horizon Technology Finance (NASDAQ: HRZN) is a direct peer providing venture debt to technology, life science, healthcare, and sustainability companies. It competes in the same $10M-$50M facility range that Structural Capital targets and shares a similar growth-lending business model.
- Runway Growth Capital: Runway Growth Capital is a direct peer providing senior secured term loans to growth-stage companies seeking $10M-$100M+ of capital, with similar focus on venture-backed technology and tech-enabled businesses. Structurally similar in check size, term length, and target customer profile.
- Western Technology Investment: Western Technology Investment is one of the longest-standing venture debt firms, providing growth capital loans to technology and life sciences companies. It is a direct peer in target market, deal structure, and underwriting approach.
- Innovatus Capital Partners: Innovatus Capital Partners is a direct peer providing asset management services including direct lending to technology and life sciences companies. It overlaps in target market (tech-enabled growth companies) and product offering (bespoke debt facilities with similar check sizes).
- Stellus Capital Investment: Stellus Capital Investment (NYSE: SCM) is a direct peer providing senior secured loans to middle-market companies including growth-stage businesses. It competes in similar facility sizes and structures, though with broader sector coverage than Structural Capital's tech-only focus.
Broad incumbents
- Morgan Stanley Expansion Capital: Morgan Stanley Expansion Capital is the growth lending arm of Morgan Stanley, providing debt and equity capital to growth-stage technology and tech-enabled companies. It is a broad incumbent offering similar growth capital facilities but as part of a much larger financial institution's diversified platform.
- Bridge Bank: Bridge Bank (a division of Western Alliance Bank) provides venture debt and technology banking services to VC-backed companies. It is a broad incumbent offering competing venture debt products but as part of a broader commercial banking franchise with lower cost of capital.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Structural Capital social profiles
Digital presenceStructural Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Structural Capital leadership team
Management profileNumber of profiles
Profiles12 records
Structural Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Structural Capital M&A and investment
M&A and investmentM&A
Investments16 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Structural Capital
What does Structural Capital do?
Structural Capital is a private direct lender that provides strategic growth credit and venture debt facilities ranging from $10 million to $100 million+ to growth-focused technology and technology-enabled companies. Its debt solutions carry 2–4 year terms and feature incremental capital unlocks tied to company milestones, amortization deferrals, and occasional opportunistic equity checks or warrant participation. The firm underwrites portfolio companies and their management teams directly and supports use cases including growth initiatives, working capital, runway extension, debt refinancing, M&A funding, and secondary liquidity for equity holders.
Is Structural Capital a public or private company?
Structural Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Structural Capital founded?
Structural Capital was founded in 2014. It employs 11 to 50 people.
Where is Structural Capital based?
Structural Capital is headquartered in Menlo Park, United States, in the North America region.
How does Structural Capital make money?
Two revenue lines are on record. Interest Income from Debt Facilities are the primary driver. The others are warrant Participation.
Who are Structural Capital's main competitors?
Direct peers on record are TriplePoint Capital, Trinity Capital, Hercules Capital, Horizon Technology Finance, Runway Growth Capital, Western Technology Investment, Innovatus Capital Partners and Stellus Capital Investment. Broad incumbents are Morgan Stanley Expansion Capital and Bridge Bank.
Does Structural Capital have an API?
No public API is recorded for Structural Capital.
What industry is Structural Capital in?
Structural Capital's product category is Venture Debt and Private Credit Lending. Its primary akta.pro industry code is FSAAAHAG, Private Credit / Direct Lending, with a secondary code of FSANADAJ, Large-Cap / Sponsor Finance Direct Lending. Its NAICS code is 525990 and its SIC code is 6159.