Capchase secures $125m in Series A Funding to launch just-in-time financing for tech companies and expand into the UK
Capchase, a provider of non-dilutive capital for recurring-revenue companies, has today announced a $125 million Series A investment, led by QED Investors.
Additional investors in the round include early backers Bling Capital, ScifiVC and Caffeinated Capital, along with several angel investors.
The new funding comes on the back of unprecedented growth since Capchase launched eight months ago. Capchase has issued more than $200m in financing and more than 400 companies already use its platform. The company expects to grow by 400 percent over the next six months.
Capchase has also announced its European expansion with its service now available to businesses in the UK and Spain. The offering has already seen significant traction in Europe, with companies such as Whereby and Fiit.tv engaging Capchase to finance their growth. Capchase expects to launch in more European countries in the following months.
Capchase helps companies unlock cash that is otherwise tied up in future recurring revenue payments. By advancing future revenues, companies can invest more into growth without depleting their cash reserves.
Miguel Fernandez, co-Founder and CEO of Capchase, said: “We built Capchase to help tech companies access the capital they need to grow faster, without selling their company bit by bit. With our Series A funding, we will be able to continue improving our core products and complement them with the new features that our customers expect from us.
“Future revenue presents a major opportunity when it comes to funding present growth. By recycling future funds, companies grow faster and do not need to rely on expensive equity rounds.”
“We are thrilled to partner with the Capchase team and excited to help them build a large, global business,” said Matt Burton, partner at QED Investors. “Capchase is the fastest-growing company I’ve seen coming out of New York City in the last decade, which speaks volumes to the value they add to their customers.”