Capchase Secures $80 Million in Series B Funding

Capchase, a provider of non-dilutive capital for recurring-revenue businesses operating in the U.S. and Europe, announced an $80 million Series B investment, led by 01 Advisors.

QED, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco and Gaingels also participated in the round.

The additional $80M in funding comes after a year of rapid growth and product expansion. In 2022 alone, Capchase has expanded to the Netherlands, Belgium, Finland, Sweden and Denmark, and launched its new European headquarters in London.

Founded in Boston, Capchase provides a platform for high-growth companies to access and automate financing via cost-effective lending and financing tools. By automating all aspects of the fundraising process for businesses, the company gives founders time back to focus on the growth of their company.

Since it was founded in May 2020, Capchase has worked with nearly 3,000 companies across the world, making over $2 billion in funding available to founders and extending runways by over 5,000 months. Europe now represents 25% of its business. The company estimates that 15% of its financing has been extended to female and minority-led businesses – a significant increase compared to the limited funding these founders typically receive.

“In this economic environment, Founders need new choices when it comes to deciding how to fund their businesses,” said Miguel Fernandez, Co-founder and CEO of Capchase.

“It’s not a one-size-fits-all approach anymore and in just 18 months of operating, we’ve already seen an increasing appetite for growth capital that’s flexible, fast, and complimentary to traditional funding methods like venture capital. Our mission is to automate everything that touches our customers’ finances, and this new round of funding will help us to launch additional products that enable founders to focus on what matters most: building and selling their product.” Fernandez added.

“Capchase has been an incredible partner and we would not be where we are today without them,” said Raad Ahmed, Founder & CEO of Lawtrades.

“With Capchase Grow, 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.”