Capchase, a Boston, MA-headquartered SaaS and recurring revenue financing platform, raised $60M in funding.
The financing is led by i80 Group.
The new funds will be used to deliver larger advances to SaaS companies.
Founded in early 2020 by a team of former SaaS operators—Miguel Fernandez, Luis Basagoiti, Ignacio Moreno, and former VC Przemek Gotfryd, Capchase established provides an alternative to dilutive venture capital and traditional venture debt for SaaS and recurring revenue companies.
The company has so far disbursed tens of millions of dollars to SaaS and recurring revenue businesses.