Debt eats Equity? The Rise of Venture Debt

Event • Venture Capital & Start Ups from Roman Rericha, Adrian Zuschmann

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A new form of financing known as "venture debt" is increasingly spilling over from the U.S. to Europe. Although the idea is not new, it could offer founders greater flexibility in their choice of financing - find out more in our video.

But what exactly is venture debt? Broadly speaking, it is debt capital provided by a specialized venture debt fund. Companies pay the money back, similar to a loan from their bank, with interest and principal at regular intervals, starting from the beginning. It is particularly relevant for founders and investors because the cost of capital is lower than with traditional equity capital and they can save millions in the event of an exit.

Together with YPOG, we held an event for founders and investors to introduce this form of financing to the Austrian community – find out more in our video.

The team

Roman Rericha

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Partner / Fund Formation, Venture Capital & Start Ups, Corporate Law & Transactions

Roman represents clients in complex cross-border M&A and private equity transactions. Austrian and international venture capital funds regularly turn to him for assisting with investments in Austria. His expert advice also guides start-ups through large-scale financing rounds.

University of Vienna, Faculty of Law (Mag. iur. 2005),
Faculty of Business, Economics and Statistics, (Mag. rer.soc.oec. 2007)

Adrian Zuschmann

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Partner / Corporate Law & Transactions, Venture Capital & Start Ups

Adrian specializes in corporate transactions, advising institutional and strategic investors, founders, and growth companies.
His practice centers on navigating clients through complex financing rounds, M&A and private equity transactions, portfolio investments, and exit strategies.

JUVE Verlag has recognized Adrian as a "rising star" in M&A for two consecutive years and included him in its inaugural "14 under 40" ranking for Austria.

Queen Mary University of London (MSc Law & Finance 2020)
University of Vienna, Faculty of Law (Magister iuris 2015)

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