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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