Capchase, a New York-based revenue acceleration platform for Software-as-a-Service (SaaS) companies, secured a €105 million credit facility warehouse.
Investors
The investment was from Deutsche Bank, a German multinational investment bank and financial services company. Founded in 1870, Deutsche Bank provides financial services to companies, governments, institutional investors, small and medium-sized businesses, and private individuals. The bank specializes in asset management, retail banking, private wealth management, private banking, and transaction banking.
Capchase Use of Funds
The company will use the funds to expand its product offerings, enhance its market reach, and provide crucial financial support to SaaS companies in the UK and Europe.
About Capchase
Founded in 2020, Capchase is a fintech company that provides revenue-based financing solutions to SaaS companies. It empowers B2B SaaS companies to grow faster through non-dilutive capital and revenue acceleration tools. Its capital solution, Grow, has made more than $2 billion in funding available to the SaaS industry, while its revenue management tools, Pay and Collect, help SaaS vendors sell more and collect cash faster. Headquartered in NYC, Capchase works with over 4,000 businesses and partners to date and operates in 10 countries in North America and Europe.
Funding Details
Company: Capchase, Inc.
Raised: €105.0M
Round: Credit Facility Warehouse
Funding Month: May 2024
Lead Investors: Deutsche Bank
Additional Investors:
Company Website: https://www.capchase.com/
Software Category: Revenue Acceleration
Source: https://www.prnewswire.com/news-releases/capchase-secures-105-million-from-deutsche-bank-to-support-flexible-financing-for-saas-companies-in-europe-302150853.html