Fintech
Capchase gets €105 million from Deutsche Bank for SaaS financing
Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, has secured a €105 million (US$113.9 million) credit lines warehouse managed by Deutsche Bank.
Its latest funding adds to over $1 billion in joint and equity funding received since it was founded just 4 years ago in 2020.
With its latest stock funding, Capchase hopes to add further tools to support flexible funding for SaaS companies across Europe.
Capchase liquidity injection: why new financing matters
For Capchase, the new funding comes at a critical time, with non-dilutive funding activity European startups will grow by almost 50% in 2023 compared to 2022, despite venture capital funding declining by 45% over the same period across the continent.
Indeed, smaller, more frequent funding rounds have become more popular following the post-COVID-19 startup funding boom that has seen several VC records shattered, with $210 billion in fintech funding throughout 2021 according to a KPMG report, which extended into early 2022.
Responding to the latest wave of funding activity, Capchase’s latest capital injection will see the company expand its support for UK and European SaaS businesses through Capchase Grow, the platform that offers eligible businesses the access to non-dilutive financing, helping startups drive business growth without sacrificing equity capital.
Regarding its latest funding, Capchase Vice President of Capital Markets, Ayaas Bhamla, says: “We are committed to being the trusted financial and business partner for software companies and this partnership ensures a long-lasting presence in key geographies across the world.
“Having a global banking partner like Deutsche Bank supports our mission and brings a strengthened balance sheet to support the founders of our platform. Partnering with such a respected bank helps Capchase provide our clients with the capital and tools they need to thrive.”