Capchase raised $80 million Series B led by 01 Advisors.

Capchase, a Spanish founded, Cambridge, USA and Madrid, Spain-based startup selling revenue-based financial products for SAAS companies, announced raising series B closed at $80 million.

The money was raised from investors led by 01 Advisors, and joined by QED Investors, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco and Gaingels.

Capchase, founded in 2020 by Luis Basagoiti, Ignacio Moreno, Przemek Gotfryd and CEO Miguel Fernández, sells a financial product that provides credit against accounts receivables for SAAS companies with recurring revenues. The company says it has made over $2B available to almost 3,000 registered customers, extending their runway by a cumulative 5,000+ months. The selling range includes two other lending products – Capchase Extend (buy-now-pay-later for business) and Capchase Earn (a high-interest account) which offsets founders’ capital costs. The company is active in 10 markets, 6 of which are European.

Capchase previously raised equity worth of more than $120 million, with a last financing round, a $280 million combination of debt and equity, secured in 2021.