The New Growth Equation: Private Debt, Venture Capital and Backing Entrepreneurs

Jun 3, 2026

Milan, 26 May 2026

100 Women in Finance Milan, in collaboration with Withers, hosted an evening discussion focused on growth capital.

How do high-growth companies navigate the capital landscape at different stages of growth? What drives the choice between equity and debt — and what does a truly successful partnership between a founder and their capital provider look like?

These were the questions at the heart of a lively panel discussion bringing together leading voices from across the private markets and legal advisory worlds.

Ten years ago, the path for a high-growth company seeking capital was largely predictable: raise equity, dilute, and repeat. Today, the picture is far more nuanced. Private debt and venture capital have emerged as increasingly complementary — rather than competing — forces, and the most sophisticated founders and investors are learning to deploy both strategically across the growth journey.

The discussion spanned the full capital lifecycle, from early-stage funding decisions through to later-stage growth financing, and explored how the relationship between founders and their capital providers has evolved alongside the market itself.

A sincere thank you to our panellists: Andrei Boca, CEO and Co-Founder, Vibiz, Andrea Gennarini, Co-Founder & Managing Partner, 2100 Ventures, Modesta Rodriguez-Acosta, Principal, Atempo Growth, and Giorgio Tinacci, CEO & Founder, Casavo, and moderator Giorgia Pozzoli, Senior Investor Relations & Business Development, DECALIA. Thanks also to Withers for generously hosting the evening.