About This Fund
The fund provides growth capital to tech companies, such as debt, convertible debt, and structured equity. The firm creates tailored investment structures comprised of debt, equity, or some combination of the two to help tech companies finance organic growth, mergers and acquisitions, or shareholder liquidity initiatives. Vistara targets enterprise software companies, including B2B SaaS, FinTech, artificial intelligence, cybersecurity, cloud and IT infrastructure, and healthtech businesses with between $10 million and $100 million in annual recurring revenue. While Vistara typically invests in venture-backed tech companies at the Series B stage and beyond, it also finances businesses that have taken a different path, such as bootstrapped firms. Vistara plans to back 18 to 24 companies across North America through Fund V, deploying $10 million to $30 million per investment over the next two and a half years or so, with a 70 to 30 percent split between the United States (US) and Canada. Roughly ninety percent of Fund V will go towards new investments, with 10 percent reserved for follow-on portfolio support.