Dare Capital Management

Dare Capital Management

Dare Capital Management was established in 2016 by Cole Harmonson, a Texas-born operator who previously led Far West Capital, an asset-based lender. The firm does not publish a disclosed AUM, but its posture aligns with a committed private credit fund model raised from family offices and high-net-worth individuals, deploying directly into small businesses underserved by traditional commercial banks. The firm's strategy concentrates on private credit instruments, specifically term loans, venture debt, and selectively structured equity. It targets U.S.-based companies generating $1 million to $10 million in annual revenue that exhibit recurring or contractual cash flows, often in fintech, enterprise software, and services sectors. Harmonson's underwriting relies on cash-flow analytics rather than hard-asset collateral, a structural tilt inherited from his asset-based lending background. Geographic deployment spans U.S. companies primarily in Texas and the broader Sunbelt region, though the firm evaluates opportunities nationally. Known historical names inside Harmonson's prior credit portfolio provide the behavioral template, but specific Dare portfolio company names remain private. Dare operates from a New York base, with a lean team focusing entirely on origination and underwriting. The firm has not disclosed the size of its investment team or any parallel vehicles such as philanthropic foundations or real-asset arms. Its likely backers include single-family offices seeking differentiated credit exposure outside of broadly syndicated loans, although no co-investor names have been published. The role of next-generation succession or operating-company integration within the parent entity structure is not publicly surfaced. Dare's structural differentiator is its strict adherence to underwriting asset-light, recurring-revenue companies without traditional hard-asset recourse, a stance that places it between venture debt funds and conventional bank-led SBA lending. This focus on data-driven, cash-flow-first credit for pre-institutional businesses distinguishes it from both collateral-heavy asset-based lenders and the equity-centric mandates of venture capital firms operating in the same revenue bracket.