Capchase, a New York-based platform for recurring-revenue companies to secure non-dilutive capital, raised over $400 million in additional debt financing.
The investment came from i80 Group (which backed RITMO) and an international banking group, joined by a dedicated roster of VC investors, including SciFi VC, QED Investors, Bling Capital, Caffeinated Capital, and 01 Advisors.
Capchase will use the financing to provide funds to thousands of SaaS startups in the US and Europe. It will provide committed capital support for both current and future Capchase customers and diversify current product offerings.
In addition, Capchase will launch “Capchase Analytics”, which will provide founders with critical performance metrics, with users able to view information, including monthly recurring revenue, customer retention rate, and burn rate in real-time, helping them to make more informed financial decisions.
Company: Capchase, Inc.
Round: Debt Financing
Funding Month: July 2022
Lead Investors: i80 Group
Additional Investors: SciFi VC, QED Investors, Bling Capital, Caffeinated Capital, and 01 Advisors
Company Website: https://www.capchase.com/
Software Category: Financing Solution
About the Company: Founded in 2020 and headquartered in New York City by Ignacio Moreno Pubul, Luis Basagoiti, Miguel Fernandez, and Przemek Gotfryd. The company provides financing by bringing future expected cash flows to the present day, extending an immediate line of credit. Companies that work with Capchase can secure funding that is fast, flexible and doesn’t dilute their ownership. With Capchase Analytics, customers who provide their banking, accounting, and subscription management data are presented with a dashboard that has up-to-date financial metrics. Within the dashboard, users can view their most important business information in real-time, including monthly recurring revenue, customer retention rate, and burn rate. Capchase’s European business has grown tenfold since its debut and expanded into the Nordics, Netherlands and Belgium, and launched its European head office in London. Now, it can deploy more than $1 billion to SaaS companies in the next few years as startups look to extend their runway and avoid a down round in an uncertain market.