Mars Growth Capital
Mars Growth Capital is a Singapore-based joint venture between MUFG Bank and Liquidity Group providing non-dilutive debt financing (up to $120M, 72-hour underwriting) to growth-stage technology companies and unicorns across APAC and EMEA via three dedicated funds.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Mars Growth Capital does
Mars Growth Capital is a Singapore-incorporated joint venture between Japan's MUFG Bank (Mitsubishi UFJ Financial Group) and Israeli fintech Liquidity Group, established in August 2020 to provide non-dilutive debt financing to growth-stage technology companies and unicorns across Asia-Pacific and EMEA. The firm issues credit facilities, working-capital lines, and growth-capital loans — with documented term sheets up to $120M and underwriting turnaround as fast as 24-72 hours — targeting late-stage startups that face funding gaps amid reduced regional venture activity. Mars operates three dedicated fund vehicles (Unicorn Fund for unicorn-stage companies, Growth Fund for growth-stage companies, and Europe Fund for European tech companies), each anchored by MUFG as sole limited partner.
The company's core technology is Liquidity Group's AI-powered decision science platform, which connects to borrowers' bank accounts and billing systems via APIs to ingest invoices, reports, budgets, and forecasts. The platform produces Scorecards (financial assessment dashboards) and Match Scores (algorithm-based company-to-fund alignment scoring) that drive rapid credit decisions and ongoing portfolio monitoring. Revenue is generated through interest payments and lending fees on credit facilities, supplemented by structuring and arrangement fees; the business model is essentially a tech-enabled direct lending operation rather than a traditional fund manager.
Distribution is direct enterprise origination, leveraging MUFG's institutional banking network across APAC and Liquidity's fintech reach into growth-stage companies. The firm maintains a lean team (11-50 employees) and has scaled committed capital from an initial $80M JV to a $1B LP commitment from MUFG as of September 2023. Notable portfolio companies include Infra.Market, Eruditus, InMobi, HungryPanda, Habyt, NALA, Zetwerk, and Fashinza. NEXI-backed loan insurance provides risk mitigation on the overseas loan book.
Mars Growth Capital firmographics
Firmographics- Name
- Mars Growth Capital
- Legal name
- Mars Growth Capital Pte. Ltd.
- Website
- https://marsgrowth.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mars Growth Capital is a Singapore-based joint venture between MUFG Bank and Liquidity Group providing non-dilutive debt financing (up to $120M, 72-hour underwriting) to growth-stage technology companies and unicorns across APAC and EMEA via three dedicated funds.
- Ownership category
- akta.pro rank
Mars Growth Capital industry classification
Industry- Product category
- Venture Debt Financing
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Venture Growth / Recurring Revenue Credit Funds (FSANAIAG)
- akta.pro secondary industry
- Independent Venture Debt Funds / Platforms (FSANAIAB)
Keywords
Where Mars Growth Capital is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Mars Growth Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Non-Dilutive Debt Financing: Provides debt financing, credit facilities, and working capital solutions to growth-stage technology companies. Revenue generated through interest payments and lending fees on credit facilities extended to portfolio companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom financing packages based on company performance |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Mars Growth Capital product offering
Product offeringCore offering
Mars Growth Capital provides non-dilutive debt financing, including credit facilities, working capital solutions, and growth funding, to growth-stage technology companies and unicorns across APAC and EMEA markets. The firm uses AI-powered credit decisioning to deliver term sheets up to $120M within 72 hours, operating through dedicated funds (Unicorn Fund, Growth Fund, Europe Fund) backed by a $1 billion LP commitment from MUFG Bank.
Product overview
Mars Growth Capital offers non-dilutive financing solutions through a platform-plus-funds architecture. The core Platform provides analytical tools for company assessment and scoring, generating Scorecards and Match Scores to connect companies with appropriate funding. The company operates three distinct fund products: the Unicorn Fund (for late-stage unicorns), Growth Fund (for growth-stage companies), and Europe Fund (for European tech companies). Together, these offerings provide term sheets of up to $120M within 72 hours, combining AI-powered credit decisioning with capital deployment across APAC and EMEA markets.
Differentiator
Problem solved
Functional benefit
Brands
- MARS Unicorn Fund: Debt financing fund for unicorn-stage companies
- MARS Growth Fund
- MARS Europe Fund
Products and services
- Unicorn Fund
Companies that use Mars Growth Capital
Customer profileNamed customers6 records
Segments1 record
Ideal customer profiles1 record
Mars Growth Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature1 record
Mars Growth Capital partnerships and signals
Strategic signalScale indicators3 records
Recent moves8 records
Expansion highlights6 records
Mars Growth Capital competitors and assessment
Company assessmentDirect peers
- Liquidity Group: Israeli fintech and co-founder of the Mars Growth Capital JV. Provides the same AI-powered decision science platform to underwrite non-dilutive debt for growth-stage companies; operates its own funds alongside the MARS-branded vehicles and is the most directly comparable lender.
- Hercules Capital: Largest publicly listed venture debt provider in the US, structuring senior secured debt for venture-backed growth-stage tech and life sciences companies. Highly comparable product offering to Mars Growth's Unicorn and Growth Funds, albeit focused on US borrowers.
- Runway Growth Capital: US-focused venture debt provider offering senior secured term loans of $10M-$100M to growth-stage companies. Comparable ticket sizes and target borrower profile to Mars Growth Capital's Growth and Unicorn Funds.
- Trinity Capital: Provides venture debt and equipment financing to growth-stage technology and life sciences companies. Competes with Mars Growth for similar late-stage tech borrowers with comparable ticket sizes ($10M-$100M+).
Broad incumbents
- HSBC Innovation Banking: HSBC's venture debt arm (expanded via acquisition of SVB UK and Silicon Valley Bank's tech banking franchise) provides debt financing and banking services to growth-stage tech companies globally. Co-lent with Mars Growth on the Eruditus refinancing, demonstrating direct competitive overlap.
- Bridge Bank (Western Alliance Bank):
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Mars Growth Capital social profiles
Digital presenceMars Growth Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mars Growth Capital leadership team
Management profileNumber of profiles
Profiles19 records
Mars Growth Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mars Growth Capital M&A and investment
M&A and investmentM&A
Investments42 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mars Growth Capital
What does Mars Growth Capital do?
Mars Growth Capital provides non-dilutive debt financing, including credit facilities, working capital solutions, and growth funding, to growth-stage technology companies and unicorns across APAC and EMEA markets. The firm uses AI-powered credit decisioning to deliver term sheets up to $120M within 72 hours, operating through dedicated funds (Unicorn Fund, Growth Fund, Europe Fund) backed by a $1 billion LP commitment from MUFG Bank.
Is Mars Growth Capital a public or private company?
Mars Growth Capital is a private company. It is classified as corporate owned and is currently operating.
When was Mars Growth Capital founded?
Mars Growth Capital was founded in 2021. It employs 11 to 50 people.
Where is Mars Growth Capital based?
Mars Growth Capital is headquartered in Singapore, Singapore, in the Asia region.
How does Mars Growth Capital make money?
One revenue line is on record: non-Dilutive Debt Financing.
Who are Mars Growth Capital's main competitors?
Direct peers on record are Liquidity Group, Hercules Capital, Runway Growth Capital and Trinity Capital. Broad incumbents are HSBC Innovation Banking and Bridge Bank (Western Alliance Bank).
Does Mars Growth Capital have an API?
No public API is recorded for Mars Growth Capital.
What industry is Mars Growth Capital in?
Mars Growth Capital's product category is Venture Debt Financing. Its primary akta.pro industry code is FSANAIAG, Venture Growth / Recurring Revenue Credit Funds, with a secondary code of FSANAIAB, Independent Venture Debt Funds / Platforms. Its NAICS code is 522 and its SIC code is 6159.