March 10th 2022 – Capchase, the fintech offering founder-friendly financing solutions for entrepreneurs, has just completed a $80 million Series B financing round with investment funds 01 Advisors, Seaya Ventures and other investors. Previous investors including Caffeinated Capital, Bling Capital, and QED also participated in the round. This round of financing will help accelerate the company’s mission to facilitate funding for entrepreneurs, especially during these times of uncertainty.
Capchase currently offers Capchase Grow, a revenue-based financing for companies with a recurring revenue model, and Capchase Extend, an expense financing solution, these financing options are more favorable than other alternatives given their non-dilutive nature. Additionally, the company offers Capchase Earn, which are high yield accounts for startups that have some extra cash at hand and want to get some returns. On the back of growing its business by 2,300% last year, the company has provided $2Bn of total financing to founders to date, which translates into +5,000 months of additional runway generated for +3,000 companies.
The company operates in 11 countries in North America and Europe and has 106 employees located in 12 cities globally. The financing round is focused on being able to provide founders with a sort of insurance policy in these tough times and for further expansion of the product offering. The team will continue its mission to automate every process that touches a dollar for their clients.
Capchase’s value proposition is to provide: i) non-dilutive growth capital for entrepreneurs who have SaaS or tech-enabled predictable revenue businesses and are unable to obtain bank financing, ii) seamless integration with clients for a great customer experience, and iii) fast and hassle-free onboarding – companies usually are able to request financing fully online and receive an approval in under 24 hours.
«Now, more than ever, founders need new choices when it comes to deciding how to fund their businesses,” said Miguel Fernandez, co-founder and CEO of Capchase. “It’s not a one-size-fits-all approach anymore and in just 18 months of operating, we’ve already seen an increasing appetite for growth capital that’s flexible, fast, and complimentary to traditional funding methods like venture capital. Our mission is to automate everything that touches a dollar, and this new round of funding will help us to launch additional products that enable founders to focus on what matters most: building and selling their product.”
“After looking closely into the revenue-based financing sector, we can say that Capchase is the strongest company in the sector led by an ambitious team with a clear goal to make things easier for startups all over the world. We fully support the team’s vision and believe Capchase will be able to become a global leader in the industry,” said Beatriz Gonzalez, Managing Partner at Seaya Ventures.
Capchase’s mission is to automate every process that touches a dollar for their clients. The business currently offers non-dilutive financing solutions and high-yield accounts to companies with a recurring revenue model. The company operates in 11 countries in North America and Europe and has 106 employees located in 12 cities globally. Capchase has provided $2Bn of total financing to founders to date.
Seaya Ventures is a leading European & Latin-American Venture Capital firm based in Spain, investing in value-driven founders who are building global technology companies with a sustainable approach.
Since raising its first fund in 2013, Seaya manages €350M across three early-stage funds. Seaya Ventures accelerates startup growth by working with the founders to enhance their strategic vision, putting at their disposal its global platform, its strong network of founders, investors and corporates, as well as Seaya’s experience in scaling leading companies such as Glovo, Cabify, Wallbox (NYSE:WBX), Spotahome, Clarity AI, Clicars and Savana.