https://techcrunch.com/2020/05/11/memsql-raises-50m-in-debt-facility-for-its-real-time-database-platform/

As a number of startups get back into fundraising in earnest, one that is on a growth tear has closed a substantial debt round to hold on to more equity in the company as it inches to being cash-flow positive. MemSQL — the relational, real-time database used by organisations to query and analyse large pools of fast-moving data across cloud, hybrid and on-premise environments (customers include major banks, telecoms carriers, ride sharing giants, and even those building COVID-19 tracing apps) — has secured $50 million in debt, money that CEO Raj Verma says should keep it “well capitalised for the next several years” and puts it on the road to an IPO or potential private equity exit.

The funding is coming from Hercules Capital, which has some $4.3 billion under management and has an interesting history. On the one hand, it’s invested in companies that include Facebook (this was back in 2012, when Facebook was still a startup), but it’s also been in the news because its CEO was one of the high fliers accused in the college cheating scandal of 2019.