Turbine Secures $121M Investment to Revolutionize Liquidity for Private Equity Investors

Turbine Secures $121M Investment to Revolutionize Liquidity for Private Equity Investors

Turbine Finance, often known simply as Turbine, has recently achieved a remarkable financial milestone by securing $13 million in Series A funding. This significant investment was co-led by Alpha Edison and TTV Capital, with additional participation from Fin Capital, B Capital, and Sozo Ventures. Furthermore, Turbine had previously raised $8.75 million in Seed funding, bringing their total funding to an impressive $121.75 million, including a $100 million warehouse facility arranged with Silicon Valley Bank.

Unlocking Capital for Venture Investors

Turbine operates as a cutting-edge liquidity platform powered by data science, specifically designed to provide essential credit facilities to venture investors. The private equity market, which encompasses venture and real estate funds, is estimated to hold over $13 trillion in global capital. Much of this capital remains locked in illiquid positions. Turbine aims to unlock this capital, facilitating on-demand access and promoting increased investment in high-performance funds.

Strategic Use of New Funding

The newly acquired funding will enable Turbine to:

  • Fully deploy its warehouse line.
  • Expand its data science team.

This expansion will enhance Turbine’s ability to deliver unique insights and support to the venture ecosystem, particularly focusing on seasoned funds managed by experienced fund managers with established track records.

Innovative Technology to Enhance Liquidity

Turbine’s innovative approach integrates machine learning and data science, significantly reducing the underwriting process from months to just a few days. This technology allows for:

  • Accurate insights into fund performance.
  • Real-time valuation for underwriting teams.

Additionally, Turbine’s platform provides private equity and venture firms the flexibility to leverage their portfolio investments without compromising their exposure to these positions. This advancement is a crucial step in making liquidity more accessible and predictable in the private equity space.

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Vision for the Future

Mike Hurst, Founder and CEO of Turbine, emphasized the importance of liquidity in venture capital and private equity, stating, “Venture capital and private equity returns are among the highest of any asset class, but liquidity has been extremely limited and unpredictable. By empowering alternative asset investors to access their capital on their own schedule, Turbine will unlock increased investment into high-performance funds.” He also expressed pride in collaborating with world-class FinTech investors and Silicon Valley Bank to bring this innovative solution to market.

For further information about Turbine Finance and its innovative financing solutions, visit their official website at Turbine Finance.

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