Capchase, a provider of non-dilutive capital, has agreed more than $400 million in additional debt financing backed by i80 Group and an international banking group.
Capchase, a provider of non-dilutive capital, has agreed more than $400 million in additional debt financing backed by i80 Group and an international banking group.
The financing will be used to provide thousands of SaaS startups in the US and Europe with funding. In less than a year, Capchase’s European business has grown tenfold. Since the start of 2022, Capchase has expanded into the Nordics, Netherlands and Belgium and launched its European head office in London.
Capchase is now able to deploy more than $1 billion to SaaS companies in the next few years as startups look to extend their runway and avoid a down round in an uncertain market.
Capchase has also expanded its platform with ‘Capchase Analytics’, a tool which helps SaaS founders make real-time financial decisions based on their businesses performance.
The $400 million in debt financing will be used to provide committed capital support for both current and future Capchase customers, and to diversify current product offerings. The financing grows Capchase’s existing partnership with the i80 Group and establishes a new financing partnership with an international banking group. These funding partners join a dedicated roster of VC investors, including SciFi VC, QED Investors, Bling Capital, Caffeinated Capital and 01 Advisors.
