TLDR:
– Capchase secures €105 million credit facility to drive growth in Europe.
– The new financing, led by Deutsche Bank and i80 Group, raises over $1 billion in combined debt and equity financing since Capchase’s founding in 2020.
Capchase, a New York-based company that provides non-dilutive financing to high-growth B2B SaaS companies, has secured a €105 million credit facility to drive expansion in Europe. The financing, led by Deutsche Bank and i80 Group, raises to over $1 billion the combined debt and equity financing the company has raised since its founding in 2020. This new funding will allow SaaS companies in Europe and the U.K. to accelerate growth without sacrificing equity.
According to Capchase co-founder and CEO Miguel Fernandez, there has been a growing interest among European startups in non-dilutive funding as founders seek alternative ways to enhance their cash flow amidst challenging conditions for securing venture capital. In 2023, non-dilutive funding activity to European startups surged by nearly 50%, as venture capital funding in the region fell by more than 45%. Capchase operates in 10 countries in North America and Europe and was named in Fast Company’s Most Innovative Companies and Forbes’ Next Billion Dollar Startups in 2023.
