Capchase closed $125M in a Series A funding round led by QED Investors.
Capchase, a Spanish founded, Cambridge, USA and Madrid, Spain-based startup providing a financial product for SAAS companies, announced completing a $125 million series A funding round.
Capchase, founded in 2020 by Luis Basagoiti, Ignacio Moreno, Przemek Gotfryd and CEO Miguel Fernández, sells a financial product that provides a financial credit against accounts receivables for SAAS companies with recurring revenues. The company say it issued more than $390M in committed capital to over 400 companies.
Capchase raised $4.6 million in VC seed funding in 2020 and secured a line of credit of $60 million at the beginning of 2021.