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Despite the increasing size of early-stage funding rounds, venture debt remained largely inaccessible to these startups, accounting for less than 10% of venture equity. Lavhale and Chachra knew that they needed a solution that would democratize venture debt and cater to the unique needs of both startups and investors. And so, in the second half of 2021, they founded a platform of their own: 8vdX.
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