VISTARA GROWTH
VISTARA GROWTH is a Series C+ and debt fund in the US writing $10M–$50M checks into AI, Enterprise, Fintech, Healthcare, Security, cloud-infra, networking and cloud-tech.
- Stages
- Series C+, debt
- Sectors
- AI, Enterprise, Fintech, Healthcare, Security, cloud-infra, networking, cloud-tech
- Check size
- $10M–$50M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2015
- Assets under management
- $700M
- Website
- vistaragrowth.com
Thesis
Vistara Growth is a private equity firm founded in 2015, headquartered in Vancouver, Canada, specializing in providing flexible growth capital solutions to mid-to-later-stage technology companies across North America. The firm's core strategy revolves around filling the gap between traditional bank debt and venture equity, offering a blend of debt, convertible debt, and structured equity. They focus on growth equity and debt investments within the technology sector, with a particular emphasis on B2B enterprise software (SaaS), including verticals such as FinTech, AI, cybersecurity, cloud/IT infrastructure, networking, and healthcare IT. The firm targets companies that are scaling or have scaled past $10 million+ in revenues, typically with annual recurring revenues (ARR) between $10 million and $100 million. Their investment strategy is characterized by flexibility, offering tailored structures that can include senior debt, subordinated debt, term debt, convertible debt, and structured preferred shares. The firm's typical check size per investment deal ranges from $10 million to $50 million. Vistara Growth has successfully raised multiple funds, with its fifth fund, Vistara Technology Growth Fund V, closing at US$321 million in November 2025. Across its five funds, Vistara has raised approximately US$700 million in total.
Common questions
Does VISTARA GROWTH invest at the Series C+ stage?
Yes. VISTARA GROWTH lists Series C+ and debt among the stages it invests in.
What check size does VISTARA GROWTH write?
VISTARA GROWTH writes $10M–$50M checks.
Where does VISTARA GROWTH invest?
VISTARA GROWTH invests in the US.