Turbine Finance Corp., a Santa Monica-based fintech company specializing in liquidity solutions for venture investors. Has announced the close of a $13 million Series A funding round. The round was co-led by Alpha Edison and TTV Capital, with participation from Fin Capital, B Capital, and Sozo Ventures.
This latest round follows an earlier, previously unreported $8.75 million Seed funding round. Bringing Turbine’s total venture backing to $21.75 million.
In addition to its equity funding, Turbine has secured a warehouse credit facility of up to $100 million from Silicon Valley Bank (SVB). Now operating under First Citizens Bank. This facility will enable Turbine to offer innovative borrowing options to general partners (GPs) and limited partners (LPs). Allowing them to unlock capital tied up in existing fund investments—capital that has traditionally been difficult to access.
Turbine’s platform leverages data science and analytics to provide credit facilities to venture investors. Helping to solve one of the industry’s long-standing challenges: liquidity within venture funds. By offering structured credit against fund assets. The company aims to create more flexible capital solutions for venture players navigating an increasingly complex investment landscape.
The combined total of $121.75 million in funding and credit access underscores growing investor confidence in Turbine’s approach to modernizing venture capital finance. The company plans to use the new funding to scale its platform, expand its lending capacity, and further support investors seeking to optimize their capital strategy.
