Capital Markets Lead

Hyperbolic Labs, Inc.; San Francisco, Northern (CA, KY); Hybrid; USD 230,000 - 350,000; Full time

Job summary

Hyperbolic Labs, Inc. seeks a senior finance leader to originate and structure debt capital to fund our compute infrastructure. You will own lender relationships, lead financing discussions end-to-end, and shape the credit architecture around a unique asset class with contractual cash flows and depreciations.

A builder mindset is essential as there is no standing facility to administer. Your work spans bank revolvers, private credit, non-bank facilities, SPV structures, and vendor financing,

Qualifications

• 5+ years in capital markets, corporate development, or institutional fundraising; 10+ preferred
• Raised institutional capital before — from institutional LPs for hedge funds, PE, or VC — and can name relationships
• Experience in investment banking capital markets, preferably debt (DCM, leveraged, private capital markets)
• Existing relationships with bank, non-bank, and private credit lenders active in the AI space
• Fluency in credit documentation and structure — first-lien vs second-lien, intercreditor terms, cash sweeps
• Strong financial modeling skills; capable of building and defending a facility model
• Comfort with ambiguity, small teams, and no analyst bench
• Preferred: raised Series B/C at a startup as an operator (not advisor)
• Exposure to asset-backed, equipment, infrastructure, or project finance
• Familiarity with AI infrastructure, data centers, semiconductors, or energy

Responsibilities

• Originate and structure debt capital to fund vendor down payments and capacity commitments
• Own the lender and investor relationship map and run raises end to end
• Negotiate covenants, lien priority, and borrowing base definitions for financing facilities
• Manage post-close lender reporting and compliance
• Support equity rounds without conflicts between debt and equity tracks
• Collaborate with vendor supply and customer contracts to ensure financeable agreements

Skills

Capital markets

Corporate development

Institutional fundraising

Debt financing

Financial modeling

Credit documentation

Intercreditor terms

Lender relations

Negotiation

Ambiguity tolerance

Job description

Who We Are

Hyperbolic Labs is on a mission to democratize AI by breaking down the barriers to computing power with our Open-Access AI Cloud. By making better use of idle computing resources across the globe, we offer an innovative GPU marketplace and AI inference service that promise affordability and accessibility for all. As pioneers at the intersection of AI and open-source technology, we believe in an open future where AI innovation is limited only by imagination, not by access to resources. We're looking for forward-thinking individuals who share our passion for making AI universally accessible, secure, and affordable. Join us in building a platform that empowers innovators everywhere to turn their visionary AI projects into reality.

About the Role

You'll work directly with the Head of Finance and CEO to raise the capital that funds our compute supply, across conventional facilities and structures that don't have a standard playbook yet. Compute is an unusual asset class. It has contracted cash flows, a real residual value, a depreciation curve nobody agrees on, and a lender base that is still forming an opinion about it. You'll build the financing architecture around it, and make the case to a credit committee that our receivables are money good. This is a builder's seat, not a maintenance seat — there is no existing facility to administer, and you will originate the first ones.

You’ll originate and structure debt capital to fund vendor down payments and capacity commitments, spanning bank revolvers, private credit and non-bank facilities, receivables- and contract-backed structures, SPV and project-style financings, and vendor and equipment financing. You'll own the lender and investor relationship map, run raises end to end from positioning through definitive documentation, and sit in the redlines on covenants, lien priority, DACA mechanics, borrowing base definitions, and advance rates. You'll own the financing side of our contract-level model and bring leadership a defensible recommendation rather than a menu, support the concurrent equity round without letting the debt and equity tracks collide, manage post-close lender reporting and compliance, and work closely with the teams negotiating vendor supply and customer contracts so that what we sign is financeable.

In your first 90 days, you'll know our unit economics and contract mechanics, have a mapped and prioritized lender universe, and have first meetings underway. By six months, you'll have a term sheet in hand for a facility that funds vendor down payments on terms we'd sign again. By twelve months, capital is no longer the constraint on how much capacity we can commit to.

Who You Are

• 5+ years in capital markets, corporate development, or institutional fundraising; 10+ preferred

• You have raised institutional capital before — specifically from institutional LPs for a hedge fund, private equity firm, or venture capital firm — and you can name the relationships you'd bring

• Investment bank capital markets experience, ideally debt: DCM, leveraged finance, structured finance, private capital markets, or a financial sponsors group

• Existing relationships with bank, non-bank, and private credit lenders active in the AI space

• Real fluency in credit documentation and structure — comfortable arguing about first-lien vs. second-lien, intercreditor terms, cash sweeps, and what a lender actually means when they ask for control over an account

• Strong financial modeling skills; you can build the facility model yourself and defend every assumption in it

• Comfortable operating with ambiguity, a small team, and no analyst bench

Preferred Qualifications

• You've raised a Series B or Series C at a startup — as an operator, not an advisor

• Exposure to asset-backed, equipment, infrastructure, or project finance

• Familiarity with AI infrastructure, data centers, semiconductors, or energy — or a demonstrated ability to get up the curve on a technical market fast

Hyperbolic is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.