Dare Capital Management

Dare Capital operates a private credit strategy providing term loans and venture debt to U.S.-based, asset-light companies. It targets firms generating between $1 million and $10 million in annual revenue and emphasizes underwriting based on recurring cash flow and contractual revenue, rather than requiring physical collateral.

Cole Harmonson, the Co-Founder and Chief Executive Officer, leads Dare Capital's investment decisions. His credit philosophy is shaped by his prior tenure at Far West Capital, an asset-based lender in Texas, and his approach at Dare focuses on data-driven underwriting for debt transactions.

Dare Capital is structured as a traditional fund manager, likely raising capital from family offices, high-net-worth individuals, and similar institutional partners. It does not operate as a single-family office managing the wealth of a specific family, but rather deploys pooled capital into a specific private credit niche.

Dare targets post-revenue companies with $1 million to $10 million in annual sales that need growth capital or bridge financing. The firm operates in a segment deliberately too small for large-scale bank syndications and too reliant on intangible assets for most traditional bank credit committees.

While Dare Capital is fundamentally a credit investor, it has indicated flexibility to include selectively structured equity components alongside its term loans, such as warrants. Its core competency remains fixed-income private credit instruments underwritten to recurring cash-flow streams.