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Capchase lands $400 million in new debt financing as European business grows tenfold

Capchase lands $400 million in new debt financing as European business grows tenfold | Fintech Finance

Capchase, a provider of non-dilutive capital, has agreed more than $400 million in additional debt financing backed by i80 Group and an international banking group. The financing will be used to provide thousands of SaaS startups in the US and Europe with funding. In less than a year, Capchase’s European business has grown tenfold. Since the start of 2022, Capchase has expanded into the Nordics, Netherlands and Belgium and launched its European head office in London.

Capchase is now able to 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.

Capchase has also expanded its platform with ‘Capchase Analytics’, a tool which helps SaaS founders make real-time financial decisions based on their businesses performance. 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.

The $400 million in debt financing will be used to provide committed capital support for both current and future Capchase customers, and to diversify current product offerings. The financing grows Capchase’s existing partnership with the i80 Group and establishes a new financing partnership with an international banking group. These funding partners join a dedicated roster of VC investors, including SciFi VC, QED Investors, Bling Capital, Caffeinated Capital and 01 Advisors.

“A long-time goal of ours has been to provide access to holistic financial information from within the Capchase dashboard, and now Capchase Analytics allows founders to make more informed decisions on a convenient and intuitive platform,” said Miguel Fernandez, co-founder and CEO of Capchase. “Customers who trust and use Capchase for their financing will now be able to better understand their business growth trends, forecast the future, make profitable decisions, and feel confident in timing their raises.”

Henrik Grim, MD of Capchase, said: “We have made extraordinary progress in Europe over a very short period of time. There is a huge amount of demand for alternative funding. This demand is only increasing as well run SaaS startups look for capital to continue to grow during these uncertain economic conditions.”

“Capchase has been an incredible partner and we would not be where we are today without them,” said Raad Ahmed, founder and CEO of Lawtrades. “With Capchase, we were able to unlock a significant amount of future revenue that we immediately put to use in growing the business. We grew at triple-digit rates last year and that has presented a once-in-a-lifetime opportunity for us, which would not have otherwise been possible.”

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