Capchase, a growth funding platform for recurring revenue businesses to secure non-dilutive capital, secured over $400 million in additional debt funding backed by i80 Group and an international banking group.
These financial partners join existing venture capitalists including SciFi VC, QED Investors, Bling Capital, Caffeinated Capital and 01 Advisors.
Capchase, founded in 2020, says the funding will be used to support thousands of software-as-a-service (SaaS) start-ups in the United States and Europe, with more than $1 billion to be distributed over the course of of the next few years.
The company has also expanded its platform by 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 see monthly recurring revenue, customer retention rate, and customer retention rate. consumption.
Capchase CEO Miguel Fernandez said the upgraded platform will enable customers “to better understand their business growth trends, forecast the future, make profitable decisions and be confident in the timing of their increases”.
In less than a year, Capchase says its European business has grown tenfold, and in 2022 it expanded to the Nordics, the Netherlands and Belgium, launching its European headquarters in London.