Capchase Announces $60M In New Funding Led By i80 Group, Expands Opportunity For Early-Stage SaaS Startups To Secure Non-Dilutive Capital
Capchase Announces $60M In New Funding Led By i80 Group, Expands Opportunity For Early-Stage SaaS Startups To Secure Non-Dilutive Capital
01/13/21, 5:39 PM
Location
new yorkMoney raised
$60 million
Industry
financial services
software
payments
mobile
Capchase, a Boston-based provider of non-dilutive capital for Software-as-a-Service (SaaS) companies, has today announced $60M in additional funding, led by specialty finance firm i80 Group. Founded in early 2020, Capchase has quickly established itself as an alternative to dilutive venture capital and venture debt for recurring revenue companies. The new funds will be used to expand the number of companies it can extend financing to, and the amount of revenue prepayment it provides.
Company Info
Location
new york, united states
Additional Info
Capchase is a platform for recurring-revenue companies to secure non-dilutive capital. Founded in Boston, MA in 2020, the company provides financing by bringing future expected cash flows to the present day – thereby extending an immediate line of credit. Companies that work with Capchase are able to secure funding that is fast, flexible, and doesn't dilute their ownership.