https://techcrunch.com/2022/03/15/startup-banking-service-mercury-jumps-into-debt-lending-to-take-on-silicon-valley-bank/

Mercury, a well-funded, three-year-old startup that offers a host of banking services to startups, is today rolling out a new offering for its customers: venture debt.

The idea is to loan out $200 million this year and up to $1 billion next year to startups that have already raised $2 million in funding from at least one institutional investor. The product is for early-stage startups only, with Mercury offering between 25% to 50% of a startup’s equity round in debt.