Capchase, a Boston, MA-based provider of non-dilutive capital for recurring revenue businesses, raised an additional $280m in new debt and equity funding.
The round was led by i80 Group.
The funding, which follows a $125m round in June, will help to drive Capchase’s financing of European recurring revenue businesses. Currently live in the UK and Spain, the company expects to launch broadly across European countries in the next 6 months.
Led by Miguel Fernandez, co-founder and CEO, and Henrik Grim, Europe MD, the company provides recurring-revenue companies with an alternative to equity financing. To do this Capchase employs a range of programmatic funding solutions that provide startups capital based on their future revenue. Its latest release, ‘Capchase Expense Financing’ enables companies to manage their largest expenses – such as legal bills, cloud hosting services, payroll and bonus payments, and recruitment fees – without depleting their cash.
Repayment terms are fixed in either 3, 6, 9, or 12-month increments.