Turbine Finance Corp., a liquidity platform driven by data science that provides credit facilities to venture investors, announced it has raised $13 million in Series A funding co-led by Alpha Edison and TTV Capital and joined by Fin Capital, B Capital, and Sozo Ventures. This investment, in addition to the company's previously unannounced $8.75M in Seed funding, brings Turbine's funding raised to $21.75 million.

The company also announced it has secured up to a $100 million warehouse facility from Silicon Valley Bank (SVB), a division of First Citizens Bank, to provide general partners and limited partners the option to borrow against their existing fund investments, unlocking capital that has historically been inaccessible. The warehouse facility, combined with Turbine's Seed and Series A funding, brings the company's total financial backing to $121.75 million.