Capchase lands $400 million in new debt financing
Summary
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. Customers who provide their banking, accounting and subscription management data are presented with a dashboard that has up-to-date financial metrics. Customers who trust and use Capchase for their financing will now be able to better understand their business growth trends, forecast the future, make profitable decisions, and feel confident in timing their raises.Henrik Grim, MD of Capchase, said: We have made extraordinary progress in Europe over a very short period of time. This demand is only increasing as well run SaaS startups look for capital to continue to grow during these uncertain economic conditions.Capchase has been an incredible partner and we would not be where we are today without them, said Raad Ahmed, founder and CEO of Lawtrades.