Capchase Raises $80M in Series B Funding


Capchase, a NY-based providier of non-dilutive capital for recurring-revenue businesses operating in the U.S. and Europe, raised an $80m Series B funding.

The round was led by 01 Advisors with participation from QED, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco and Gaingels.

The company intends to use the funds for business growth and product expansion, as well as hiring an additional 100 employees by the end of the year.

Founded in May 2020 by Miguel Fernandez, CEO, Capchase provides a platform for high-growth companies to access and automate financing via cost effective lending and financing tools. It automates all aspects of the fundraising process for businesses. Since launching its initial revenue-financing product, Capchase Grow, which enables recurring-revenue companies to access future capital upfront, the company has quickly launched two additional products: Capchase Extend,  a buy now pay later solution for businesses, and Capchase Earn, a high-yield account that pays a competitive return on companies’ idle cash (such as VC funds), helping to further reduce their overall cost of capital. The company also developed the CapScore™, a proprietary system that evaluates hundreds of data points (such as subscription rates, growth, cash on hand, etc.) and determines in near real-time a company’s ability to repay a loan, both now and in the future.

It has worked with nearly 3,000 companies across the U.S. and Europe, making over $2 billion in funding available to founders and extending runways by over 5,000 months.

Over the last 18 months, Capchase has expanded to 10 markets, including seven European countries, and has increased its headcount to over 100 employees.