Capchase Raises $280M in Funding
Summary
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 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. 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.