Like a VC fund, a venture debt fund is an investment pool actively managed by fund managers who seek out promising companies to invest in. Venture debt can take many forms but typically it’s a type of debt financing that venture-backed companies use to grow their business. However, at Novel Growth Partners, we’re different in that we do not require our portfolio companies to be venture-backed. It’s also worth noting that, because venture debt can take many forms, different funds often have different investment criteria.