Join us on Thursday, January 13 to learn about the purpose of venture debt, the benefits of leveraging, & overall best practices for your debt strategy.
The Canadian tech ecosystem smashed venture capital investment records in 2021 – the highest annual dollars invested on record (CAD $11.3B as at Q3). Venture debt shadowed this pace, with more capital than ever being deployed.
But what exactly is venture debt?
Venture debt is a type of debt financing leveraged by venture-backed companies to extend their existing runway. This strategy lowers the cost of capital, provides additional time to grow, and ultimately allows companies to raise their next round at a more attractive valuation. Sounds easy, right? Not so fast. Despite widespread adoption and utilization of venture debt across the country, start-ups and scale-ups still have many misconceptions!
In this session, you’ll learn about the purpose of venture debt, the benefits of leverage, and overall best practices for your debt strategy – followed by an AMA with Tony Barkett, Managing Director of RBCx.
About the speaker – Tony Barkett, Managing Director, RBCx
In his role of Managing Director at RBCx, Tony Barkett leads a highly specialized team and the delivery of industry-tailored advice, solutions and capital financing for technology companies at every stage of growth. Prior to RBCx, Tony Barkett was the Managing Director for Silicon Valley Bank focused on helping technology companies in Canada’s growing innovation economy. Previously, Tony held leadership roles including managing SVB’s Eastern Cleantech practice and SVB’s Southeast Asset Based Lending Group. Connect with Tony Barkett on Twitter.