Recurring-revenue business lender Capchase secures $400m debt financing
Capchase, a growth financing platform for recurring-revenue companies to secure non-dilutive capital, has secured more than $400 million worth of additional debt financing backed by i80 Group and an international banking group.
These funding partners join existing venture capital investors including SciFi VC, QED Investors, Bling Capital, Caffeinated Capital and 01 Advisors.
Capchase, founded in 2020, says the financing will be used to support thousands of software-as-a-service (SaaS) start-ups across the US and Europe, with more than $1 billion set to be dispensed over the next few years.
The firm has also built out its platform, adding an analytics tool that helps SaaS founders make real-time financial decisions based on their business’ performance.
Using banking, accounting and subscription management data, founders have access to a dashboard with up-to-date financial metrics where users can view monthly recurring revenue, customer retention rate and burn rate.
Capchase CEO Miguel Fernandez says the upgraded platform will enable customers “to better understand their business growth trends, forecast the future, make profitable decisions and feel confident in timing their raises”.
In less than a year, Capchase says its European business has grown tenfold, and in 2022, it has expanded into the Nordics, the Netherlands and Belgium, launching its European head office in London.