Venture debt is a type of alternative finance that combines elements of debt and equity investing to provide capital to high-growth, early-stage tech companies and is not available to traditional businesses typically.
Venture debt is typically provided by specialized lenders who understand the unique characteristics and risks associated with investing in these companies. Venture debt providers combine their loans with warrants (or rights to purchase equity), to compensate for the higher risk of default, although that is not always the case.
In recent years, the Singapore government has made some effort to promote the incorporation of venture debt providers and the use of venture debt, to provide more channels of financing available to enterprises. At the point of writing, Enterprise Singapore has a page dedicated to venture debt. If you are a tech business that can consider venture debt, you may consider heading over to their website.