Funding guide › Venture debt › Hercules Capital

Hercules Capital · Venture debt

Largest venture lender; typical borrower is $20M+ ARR.

Independent profile · Updated

Key facts

ProductVenture debt
Funding typeVenture debt
Estimated rate as of todayRates shown to approved members
Pricing sourceEstimated as of today
Time to cashAbout 6 weeks
Typical sizeAbout 30% of your last equity round
Term24–48 months
RequirementsMinimum raise $5M · Institutional VC backing
RegionsUS
What they underwriteYour company & investors
CollateralAll company assets
How you repayInterest-only then amortize
DilutionSmall (warrants)

The estimated rate for Hercules Capital, as of today, is shown to approved members. Sign in to see it.

Hercules Capital pros and cons

Pros
  • None stand out on our data
Cons
  • Slow: about 6 weeks to cash
  • Takes warrants (small dilution)
  • Requires institutional VC backing
  • US only
Venture debt is best for

Extending runway 6–12 months after a priced round.

Watch out for

Needs institutional investors. Warrants, end-of-term fees, covenants, blanket lien.

Hercules Capital alternatives

Other venture debt providers, fastest first.

ProviderEstimated as of todayTime to cashRequirements
Western Technology Investment
Venture debt
Rates shown to approved members About 4 weeks Minimum raise $1M · Institutional VC backing Compare →
TriplePoint Capital
Venture debt
Rates shown to approved members About 6 weeks Minimum raise $3M · Institutional VC backing Compare →
Trinity Capital
Venture debt & equipment
Rates shown to approved members About 6 weeks Minimum raise $2M · Institutional VC backing Compare →
Horizon Technology Finance
Venture debt
Rates shown to approved members About 6 weeks Minimum raise $1M · Institutional VC backing Compare →
Partners for Growth
Venture & growth debt
Rates shown to approved members About 6 weeks Institutional VC backing Compare →
Runway Growth Capital
Growth-stage debt
Rates shown to approved members About 2 months Minimum raise $10M · Institutional VC backing Compare →

Compare Hercules Capital

Hercules Capital FAQ

How much does Hercules Capital cost?

The estimated rate for Hercules Capital, as of today, is shared with approved B2B Agent members. Your actual cost depends on your business and Hercules Capital's underwriting.

How fast does Hercules Capital fund?

About 6 weeks from application to cash, based on typical timelines.

What are Hercules Capital's requirements?

Minimum raise $5M, institutional VC backing. Available in US.

How much can you get from Hercules Capital?

About 30% of your last equity round. Terms run 24–48 months.

Does Hercules Capital require a personal guarantee?

A personal guarantee isn't listed as a requirement for Hercules Capital.

What are the best alternatives to Hercules Capital?

Other venture debt providers include Western Technology Investment (about 4 weeks); TriplePoint Capital (about 6 weeks); Trinity Capital (about 6 weeks). Compare all 9 side by side on B2B Agent.

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Hercules Capital is a listed provider on B2B Agent (2026)

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