Venture debt acts as a bridge between funding stages for tech startups, global study finds

A new international study has found that venture debt is reshaping how capital moves through technology startup ecosystems around the world. Analyzing data from 59 countries between 2015 and 2024, the researchers show that greater venture debt availability is associated with lower early-stage equity funding, higher late-stage equity funding, and a positive overall effect on the total capital available to startups.