Nomura Strategic Ventures (NSV) provided financing to support Percent’s innovation and growth through its venture debt fund, Nomura Strategic Ventures Fund 1. Nomura will also explore using the platform for their own deals.
“Our strategic initiatives will help unlock the potential of the platform that we have built thus far and help realize our long term vision to modernize private credit markets. Prior to Percent, transaction parties relied on antiquated systems and disjointed processes to manage the lifecycle of a private credit deal,” Nelson Chu, founder and CEO of Percent, said. “As we further expand into the venture debt asset class, we are thrilled to be working with the Nomura team as both an investor in Percent and as a potential user of our cutting-edge platform.”
“We invest capital and also support the business-development objectives of startups,” Neeraj Hora, CEO of NSV, said. “We look forward to collaborating with Percent to explore primary and secondary distribution.”
