Mezzanine level
Mezzanine level
Mezzanine Level
2. In venture capital, a term used to describe a company with more risk and more potential return than an IPO, but less than a startup. It is also used to describe a company in which venture capital has been invested six to 12 months before going public. In general, the mezzanine level is a company that once was a startup but has succeeded and is progressing toward public trade. See also: Mezzanine financing, Mezzanine debt.