Capchase to get $4.6 million in VC seed funding led by Caffeinated Capital, Bling Capital, and SciFi VC

Capchase, a Spanish founded, Cambridge, USA and Madrid, Spain-based startup providing a financial product for SAAS companies, completed a $4.6M seed investment round.

The money was raised from American investors led by Caffeinated Capital, Bling Capital, and SciFi VC and will be used for building a business around the company's value proposition.

Capchase, founded in 2020 by Luis Basagoiti, Ignacio Moreno, Miguel Fernández and Przemek Gotfryd, sells a financial product that provides a financial credit against accounts receivables for SAAS companies with recurring revenues. For instance, if $100,000 is going to be paid by a customer over the next twelve months, Capchase may offer $95,000 to the startup upfront, and keep the remaining $5,000 as those payments roll in. That discount fluctuates based on the startup in question and the payment risk of the underlying customer contracts.

According to the media, Capchase works with 3-4 active customers.