Thu, Nov 21 2024
The revenue acceleration platform for SaaS firms, Capchase, has obtained a substantial €105 million credit facility warehouse, with Deutsche Bank leading the charge.
Leading the fundraising round is Deutsche Bank, which bolsters Capchase's impressive track record of funding—since the company's founding in 2020, debt and equity financing have already totaled more than $1 billion.
The most recent round of investment for Capchase comes amid a noteworthy development for European startups. Despite a severe fall in venture capital financing in the area during the same period, recent data from the business reveals a roughly 50% spike in non-dilutive fundraising activity to European entrepreneurs in 2023 compared to the previous year. With this funding, Capchase will be better able to help SaaS companies in the UK and Europe with its Capchase Grow project. With the help of Capchase Grow, qualified businesses can obtain non-dilutive funding, allowing them to grow without giving up ownership.
According to Ayaas Bhamla, vice president of capital markets at Capchase, "having a global banking partner like Deutsche Bank supports our mission and brings a fortified balance sheet to support the founders on our platform," which highlights the importance of the partnership. Through this partnership, Capchase's standing as a reliable source of funding and income for software firms is enhanced, enabling a sustainable presence in important international markets.
The product line from Capchase provides business-to-business SaaS enterprises with solutions for growth acceleration, revenue management, and non-dilutive capital access. Capchase Collect, which was released in December 2023 with the goal of streamlining invoice collections, and Capchase Infra, which was presented in April 2024 with the intention of assisting lenders in expediting their digital lending plans, are recent additions to the company's product selection.
Capchase's continuous dedication to enabling SaaS companies and fostering innovation in the FinTech industry is evident in this latest investment round.
In light of the increasingly difficult circumstances surrounding the acquisition of venture capital, European entrepreneurs have shown an increased interest in non-dilutive investment during the past year. Miguel Fernandez, co-founder and CEO of Capchase, stated, "With the most recent €105 million debt financing, we can continue to serve as a key financial partner to UK and European SaaS businesses, supporting their growth in the current economic climate."
Leave a Comment