Vistara

Vancouver-based Vistara Growth has closed its fifth structured-capital fund at US$450 million (C$700 million), marking a decade of flexible financing for technology companies across North America. The new fund, a 66% increase from Fund IV, reflects investor confidence in non-dilutive growth capital.

Founded by Randy Garg, Vistara bridges the gap between bank debt and venture equity, offering tailored debt and convertible financing for B2B software and tech-enabled service firms. Fund V has already backed eight companies, including Clariti Cloud and Kore.ai. Since inception, Vistara has made 42 investments and 23 exits—all without a single loss.

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Vistara Growth, a Vancouver-based tech investor, has successfully secured an initial funding of over $150 million for its Vistara Technology Growth Fund V LP.

The closing of Fund V, completed within just four weeks from its launch, was supported by increased commitments from existing partners. Vistara aims to reach its fundraising goal of $400 million by the first half of 2024.

Founder and Managing Partner, Randy Garg, expressed gratitude for the ongoing confidence of their limited partners and highlighted their strategy of providing flexible growth capital to tech companies.

Vistara plans to expand its investor base to include pension funds and institutions, with a focus on mid-later stage enterprise software firms across North America.

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