Revenue Platform Capchase Lands €105m From Deutsche Bank

Capchase, the revenue acceleration platform for software-as-a-service (SaaS) companies, has secured a €105m (US$113.9m) credit facility warehouse led by Deutsche Bank. 

Its latest funding adds to more than US$1bn in joint debt and equity financing received since being founded just 4 years ago in 2020. 

With its latest funding in the bag, Capchase hopes to add additional tools to support flexible financing for SaaS companies across Europe. 

Capchase cash injection: Why new funding is important

For Capchase, new funding comes at a critical time, with non-dilutive funding activity at European startups rising by almost 50% in 2023 compared to 2022, despite venture capital funding declining 45% during the same period across the continent.

Indeed, smaller, more frequent funding rounds became more popular following the post-COVID-19 startup funding boom which saw several VC records smashed, with US$210bn in fintech funding throughout 2021 per a KPMG report, which stretched into early 2022. 

Responding to the newest surge in funding activity, Capchase’s latest capital injection will see it expand its support for UK and European SaaS businesses through Capchase Grow, the platform that offers eligible companies access to non-dilutive financing – helping startups foster business growth without sacrificing equity. 

On its latest funding, Capchase Vice President of Capital Markets, Ayaas Bhamla, says: "We are committed to being the trusted finance and revenue partner for software companies, and this partnership ensures a long-lasting presence in key geographies around the globe.

“Having a global banking partner like Deutsche Bank supports our mission and brings a fortified balance sheet to support the founders on our platform. Partnering with such a well-respected bank helps Capchase provide our customers with the capital and tools they need to thrive."

Why SaaS startups choose Capchase 

SaaS startups are choosing Capchase for more than just its non-dilutive finance options. While its Grow and Pay products represent its flagship offering, Capchase also offers Capchase Collect and Capchase Infra, launched in December 2023 and April 2024 respectively. 

Collect is the revenue acceleration platform’s self-service product, launched to help SaaS companies speed up invoice collections and reduce the amount of overdue invoices. Infra is the new technology suite designed to support banks and non-bank lenders by accelerating their digital roadmap.

These new product launches highlight the speed at which Capchase has accelerated since its 2020 founding. 

Headquartered in New York, Capchase has already worked with over 4,000 businesses and partners, and now operates in 10 countries across North America and Europe. 

The company’s capital solution, Grow, has made more than US$2bn in funding available to the SaaS industry since 2020, contributing to its inclusion in Forbes’ Next Billion Dollar Startups list in 2023. 

Capchase Co-founder and CEO, Miguel Fernandez, adds: “We’re committed to helping SaaS companies grow their revenue in ways that work best for them with access to capital.

“Over the past year, there has been a growing interest among European startups in non-dilutive funding as founders seek alternative ways to enhance their cash flow amidst increasingly challenging conditions for securing venture capital. 

“With the latest €105m (US$113.9m) of 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."

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