LetsVenture Floats Debt Financing Marketplace For Startups

Angel investment platform LetsVenture has launched LV Debt, a marketplace designed to educate founders and offer debt financing tailored to the specific requirements of startups.

As part of the dedicated marketplace, LetsVenture’s offerings in the debt marketplace will include working capital loans, revenue-based financing, supply chain financing and venture debt.

The platform’s cofounder and chief executive Shanti Mohan took to LinkedIn to make the announcement. “Additionally, the venture capital firm is introducing a $70 Mn non-convertible debentures (NCD) via LetsVenture’s angel fund, to complement some of the partners.”

Mohan also said that this solution of debt financing is addressing the situation of the slowdown seen in equity markets for the last two years, having recognised a growing need for integrated fundraising solutions.

“Many founders are seeking additional forms of capital to fuel their growth without diluting ownership. We soft launched in January of this year, and built a team around this offering,” she added.

Mohan further said that in a span of four months, the platform has signed up nearly 20 partners, and facilitated about $3 Mn in debt financing so far. She also added that the platform is planning to move this to $2 Mn under a month’s time.

Founded in 2013 by Sanjay Jha and Mohan, LetsVenture provides a full-stack marketplace for angel startup investments. It has been backed by the likes of Accel, Chiratae Ventures, Ratan Tata, Mohandas Pai and Anupam Mittal among others.

The platform boasts a robust network comprising over 34,000 startups and 18,000 investors. Its portfolio startups claim a combined valuation of $9.6 Bn.

It counts electric vehicle startup BluSmart, edtech startup Leverage Edu, wealth management platform Scripbox and extended reality company AnjaLens among its portfolio companies.

In 2022, Mohan launched a micro venture capital (VC) fund Propell to back 30 early-stage tech-enabled startups working in sectors such as ecommerce, fintech, SaaS and D2C.

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