Capchase, a NYC-based provider of non-dilutive capital, raised $125m in Series A equity and debt funding.
The round was led by QED Investors, with participation from Bling Capital, ScifiVC and Caffeinated Capital and several angel investors.
The company intends to use the funds to launch just-in-time financing for tech companies and expand into the UK and Spain.
Led by Miguel Fernandez, co-Founder and CEO, Capchase is a provider of non-dilutive capital for recurring-revenue companies. The financing enables tech companies to draw the right amount of funds at the right time on a monthly or weekly basis.
The company has issued more than $390M in financing and more than 400 companies already use its platform.
Henrik Grim is General Manager of Europe.