Mars Growth Capital

Mars Growth Capital

Mars Growth Capital was formed as a strategic joint venture between Japan's Mitsubishi UFJ Financial Group (MUFG) and the Israeli AI-driven credit platform Liquidity Group. The firm targets late-stage, venture-backed technology companies in Asia-Pacific, Europe, and the Middle East, offering non-dilutive financing structures that sit between traditional venture debt and growth equity. The founding premise was to solve a persistent gap: fast-growing tech companies with strong unit economics but limited hard assets could not access traditional bank debt at scale. The firm deploys capital through two primary funds — the Mars Growth Fund and the Mars Unicorn Fund. The Mars Growth Fund provides term loans of $3 million to $50 million, while the Mars Unicorn Fund scales up to $100 million for larger, later-stage companies nearing IPO or major liquidity events. Underwriting is driven by Liquidity Group's proprietary AI platform, which analyzes thousands of data points on revenue growth, churn, burn rate, and market momentum. Confirmed portfolio names include eToro, the multi-asset trading platform (per the firm, 2021), and Gupshup, the conversational messaging unicorn (per the firm, 2021). The geographic footprint runs from Singapore and India through the UAE, Israel, and into continental Europe. Mars Growth Capital operates with a lean structure, leveraging Liquidity Group's technology stack and MUFG's balance sheet rather than building a large in-house team. The dual-parent architecture gives the firm a unique cost of capital — MUFG provides the funding muscle, while Liquidity Group contributes origination algorithms that scan for high-conviction borrowers. In recent months, the firm has continued to expand its presence in the Middle East, working with Israeli-founded unicorns scaling into Asian markets. The firm's CEO, Taranjit Kaur, runs operations from Singapore, which serves as the hub for the APAC mandate. Mars Growth Capital does not take equity warrants as standard practice, positioning its financing as genuinely non-dilutive rather than quasi-equity. Mars Growth Capital's structural differentiator is the pairing of a trillion-dollar Japanese bank with an AI-native credit originator. Most venture-debt providers either operate from a fund structure with expensive LP capital or from a bank balance sheet with conservative credit committees. Mars Growth combines MUFG's institutional cost of capital with Liquidity Group's real-time underwriting engine, allowing faster term sheets and larger check sizes than pure-play venture-debt funds. The succession and governance structure remains tied to the joint venture's dual-parent framework, with investment decisions flowing through Liquidity Group's Tel Aviv-based analytics team and final approvals sitting with a joint investment committee.