EVP-backed Deckard favors venture debt over equity with $6m Mighty Partners raise
The govtech platform's CEO said he had VCs "beating down my door" but chose to raise venture debt to expand its business, as it gave it more control over its future.
Australian-founded Deckard Technologies has secured a $6 million growth credit facility from Sydney-based Mighty Partners to expand into the long-term rental market—an opportunity the company says is three to seven times larger than its current business.
The GovTech company chose debt financing over venture capital despite strong investor interest, allowing it to maintain control while expanding from short-term rental compliance into traditional rental housing oversight.
"We've had VCs beating down my door to invest in the company—that's not the issue," CEO Nick Del Pego told Capital Brief. "The debt allows us to move forward in a pretty low-risk way without having to add another personality or opinion in the mix that could create chaos."
The company, which now operates from headquarters in San Diego while maintaining its Australian roots, helps over 400 cities and counties across the US, Canada, and Australia monitor compliance and collect taxes on more than 250,000 short-term rental properties.
