Capchase Lands €105m from Deutsche Bank for SaaS Financing
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.”
