Capchase Funding, Investors & Competitors
Capchase has raised $521M across 6 funding rounds, most recently a $26M undisclosed-stage round in May 2026.
Last Capchase funding round
$26M
Undisclosed stage · May 2026
Cumulative funding Capchase raised
$521M
across 6 funding rounds
Key investors in Capchase
Caffeinated Capital
Bling Capital
SciFi VC
ONEVC
01 Advisors
SV Angel
BoxGroup
QED Investors
About Capchase
Capchase is a New York-headquartered fintech firm specializing in non-dilutive financing for SaaS businesses. The platform advances revenue from annual recurring contracts, enabling companies to access up to 100 percent of deferred payments immediately. Capchase serves clients including Typeform and Porch, processing over $1 billion in advances since inception. Founded in 2020, it expanded to Europe with offices in London and Madrid, integrating with billing tools like Zuora and Chargebee for seamless funding.
Founded
2020
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Capchase Funding History
Capchase has raised a total of $521M across 6 funding rounds.
Capchase's first fundraising round was a $5M seed round in March 2020. The most recent completed round was a $26M undisclosed-stage round in May 2026.
Capchase funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2026 | Undisclosed stage | 01 Advisors (lead); Invesco Private Capital; SciFi VC; Bling Capital; Thomvest Ventures; Caffeinated Capital | $26M | Capchase raised $200 million in fresh capital in May 2026, structured as $26 million in equity and a $174 million credit facility, with 01 Advisors leading the round. The financing was described as a step up from the company’s 2021 $80 million Series B and was intended to expand its B2B buy-now-pay-later and vendor-financing platform for software and hardware vendors. Strategically, the capital supports Capchase’s effort to scale its embedded financing infrastructure for enterprise technology sales, where long sales cycles and upfront customer payments can slow revenue conversion. The company has also been expanding its platform, including the June 2025 acquisition of Vartana, which strengthened its vendor-financing capabilities. Capchase is a New York-based fintech founded in 2020 that began as a non-dilutive growth capital provider for recurring-revenue startups and later evolved into an AI-powered vendor-financing platform for enterprise tech. Its investor base has included 01 Advisors, QED, Caffeinated Capital, Bling Capital, Scifi VC, Thomvest Ventures, Tusk Venture Partners, Invesco, and Gaingels. |
| Feb 2024 | Series A | - | $5M | Capchase is a revenue acceleration platform serving B2B SaaS companies, offering non-dilutive financing, invoice collection tools, and lending infrastructure solutions. The company raised a Series B-II funding round of $5.02 million on February 26, 2024, from investors including 01 Advisors, QED Investors, and SciFi VC, following its larger $80 million Series B round in March 2022. Since its founding in May 2020, Capchase has facilitated over $2 billion in non-dilutive capital access to approximately 3,000 companies globally, with significant operations across Europe and the United States. The company's product suite includes Capchase Grow (non-dilutive financing), Capchase Collect (invoice management launched December 2023), and Capchase Infra (lending acceleration launched April 2024), positioning it as a key infrastructure provider in the European SaaS financing landscape during a period of declining venture capital availability. |
| Mar 2022 | Series B | 01 Advisors (lead) | $80M | Capchase is a New York-based growth financing platform founded in May 2020 that provides non-dilutive capital to high-growth, recurring-revenue businesses, automating financing processes to help them reach profitability. By March 2022, Capchase had made over $2 billion available to nearly 3,000 companies worldwide, including a quarter of European startups, and extended their runway by a cumulative 5,000+ months, with 15% of funding to women and minority-led businesses. The company offers products like revenue financing, Capchase Extend (buy-now-pay-later for business), and Capchase Earn (high-interest account). On March 14, 2022, Capchase announced an $80 million Series B funding round led by 01 Advisors, with participation from QED, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco, Gaingels, and others. The proceeds were earmarked for maintaining growth momentum, hiring an additional 100 employees (doubling the existing headcount), expanding beyond lending, and launching new products to automate startup finances. Capchase had recently opened offices in the Netherlands, Belgium, Finland, Sweden, Denmark, and planned a European headquarters in London. Capchase positions itself as complementary to traditional venture capital, offering flexible, fast growth capital. |
| Jul 2021 | Undisclosed stage | i80 Group (lead) | $280M | Capchase is a New York-based provider of non-dilutive capital to SaaS and subscription businesses, enabling them to access funding from future predictable revenue streams without equity dilution or traditional debt. Founded in 2020 by Miguel Fernández, Luis Basagoiti, Ignacio Moreno, and Przemek Gotfryd, the company offers programmatic funding and launched Capchase Expense Financing, a buy-now-pay-later product for splitting large expenses like legal bills, AWS hosting, payroll, and recruitment fees into fixed 3-6-9-12 month installments. This round on July 20, 2021, raised $280 million in a mix of debt ($230M) and equity ($50M Series B), led by i80 Group, following a $125M Series A in June 2021 led by QED Investors. The funding supports expansion of the BNPL product, scaling financing capacity, and geographic growth beyond the US, UK, and Spain into other European markets, where it had already deployed €100M to over 50 companies in its first month. Capchase reported strong early traction: serving over 400 customers including HubSpot, Mainstreet, Gusto, Monday.com, and Negotiatus; adding more than 3,000 months of runway for 500 companies; unlocking over $160 million in annual recurring revenue for clients; and contributing to $4B+ in client valuation growth. Customers reportedly save 16% on dilution on average and grow 53% faster. This round reflects surging investor interest in revenue-based financing amid a hot market for non-dilutive capital providers, with peers like Pipe raising $250M at $2B valuation. Capchase continued aggressive fundraising, securing nearly $950M total debt and equity by mid-2022, including an $80M Series B and $400M debt facility, both involving i80 Group, to fuel ongoing lending to startups as an alternative to VC funding. |
| Jun 2021 | Series A | QED Investors (lead); SciFi VC; ONEVC; Bling Capital; Caffeinated Capital | $125M | Capchase, a New York-based provider of non-dilutive capital for tech companies with recurring revenue, raised $125 million in a Series A funding round on June 4, 2021, led by QED Investors, with participation from existing investors Bling Capital, SciFi VC, Caffeinated Capital, and several angels. The round consisted of a mix of debt and equity, bringing the company's total funding to nearly $190 million, following a prior $4.6 million seed and a $60 million debt facility from i80 Group. Capchase enables SaaS and other recurring-revenue businesses to access upfront capital based on future monthly recurring revenue (MRR), typically up to 12 months ahead, at a discount of 5-10%, without equity dilution. The platform uses a proprietary analytics-driven programmatic funding model for just-in-time disbursements on a weekly or monthly basis, helping clients with cash flow tied to predictable revenues for uses like working capital, customer acquisition, hiring, and acquisitions. Since launching eight months prior in late 2020, Capchase had issued over $390 million in financing to more than 400 companies and claimed it boosts client growth rates by over 50% on average. The company anticipated 400% growth in the next six months and planned international expansion to the UK and Spain by year-end. QED Investors highlighted Capchase's rapid growth as the fastest in New York City fintech in a decade, praising its unique product that automates funding based on revenue forecasts. The funding aimed to enhance core products, add features like programmatic financing, and support global scaling amid rising demand for non-dilutive alternatives to venture capital in the B2B fintech space. |
| Mar 2020 | Seed | Bling Capital (lead); Caffeinated Capital (lead); SciFi VC (lead); SV Angel; Max Levchin; BoxGroup; Willowtree Investments; Ben Orthlieb; ONEVC; Sanat Rao; David Spector; Lorimer Ventures | $5M | Capchase, founded in early 2020 by Luis Basagoiti, Ignacio Moreno, Miguel Fernández, and Przemek Gotfryd, provides non-dilutive financing to SaaS companies by advancing funds against future accounts receivable. The platform allows startups to receive upfront cash, such as $95,000 for a $100,000 contract payable over 12 months, with Capchase retaining the discount as payments roll in. In August 2020, Capchase publicly announced a $4.6 million seed round led by Bling Capital, Caffeinated Capital, and SciFi VC, with participation from BoxGroup, ONEVC, Lorimer Ventures, and angels including Ben Orthlieb, David Spector, Max Levchin, Sanat Rao, SV Angel, and Willowtree Investments. At launch, the company was working with 3-4 customers. The funds supported building the business around its value proposition for SaaS growth without equity dilution. Capchase operates from Boston with roots in Cambridge, USA, and Madrid, Spain, targeting recurring revenue companies to extend runway and avoid venture debt complexities. |
Who has invested in Capchase?
17 investors have backed Capchase across its funding rounds, including Caffeinated Capital, Bling Capital, SciFi VC, ONEVC, 01 Advisors and SV Angel.
Lead investors include 01 Advisors, i80 Group, QED Investors, Bling Capital, Caffeinated Capital and 1 other investor.
Capchase Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Lead | Mar 2020 | |
| United States | 3 | Lead | Mar 2020 | |
| San Francisco, CA | 3 | Lead | Mar 2020 | |
 São Paulo | 2 | Participant | Mar 2020 | |
| San Francisco, CA | 2 | Lead | Mar 2022 | |
| New York City, NY | 1 | Participant | May 2026 | |
| San Francisco, CA | 1 | Participant | Mar 2020 | |
| New York City, NY | 1 | Lead | Jul 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Max Levchin |  Ukraine | 1 | Participant | Mar 2020 |
| New York City, NY | 1 | Participant | Mar 2020 | |
| San Francisco, CA | 1 | Participant | Mar 2020 | |
| Ben Orthlieb | San Francisco, CA | 1 | Participant | Mar 2020 |
| Alexandria, VA | 1 | Lead | Jun 2021 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Capchase
Capchase has acquired 1 company to date.
Last acquisition by Capchase was on June 24th 2025. Capchase acquired Vartana for undisclosed valuation.
Latest Acquisitions by Capchase
| Description | Vartana is a San Francisco-headquartered financing platform enabling sales teams to offer flexible payments, e-signatures, and accelerated deal closures. Founded in 2020 by Kush Kella, the all-in-one tool maximizes buyer purchasing power while improving finance agility through optimized cash flow. Vartana integrates with CRM systems for SaaS, hardware, and equipment sales. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 24 Jun 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Capchase acquisitions and their M&A valuation multiples. Start Free Trial | |
Capchase Competitors
Capchase competitors include listed companies like Bajaj Finance, Tata Capital, Mitsubishi HC Capital and Muthoot Finance, and private ones like JD Digits and Creditas Financial.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 India | Publicly listed | $5.2B | $2.7B | $66B | 16.6x | |
 Beijing | Private | - | - | $18B | - | |
| India | Publicly listed | $3.1B | $759M | $15B | 20.8x | |
 Japan | Publicly listed | $14B | $4.2B | $13B | 5.0x | |
| India | Publicly listed | $2.1B | $1.4B | $12B | 13.5x | |
 George Town | Private | $200M | - | $4.8B | 24.0x |
Capchase Public Comps
Capchase is still privately-owned, but its public comps include Bajaj Finance, Tata Capital, Mitsubishi HC Capital, Muthoot Finance, Aditya Birla Capital, Chailease Holding, Credit Acceptance, Blue Owl Capital Corp., Piramal Finance and Mahindra Finance.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.2B | $2.7B | 19.8x | 16.6x | 37.3x | 29.7x | |||
| $3.1B | $759M | 12.2x | 20.8x | 49.8x | - | |||
| $14B | $4.2B | 5.0x | 5.0x | 17.2x | 20.9x | |||
| $2.1B | $1.4B | 12.3x | 13.5x | 19.1x | 18.4x | |||
| $4.8B | $1.8B | 6.2x | 29.8x | 16.5x | 40.5x | |||
| $707M | ($1.1B) | 34.4x | 7.8x | (21.2x) | 19.6x | |||
| $2.3B | $565M | 5.4x | 5.7x | 22.0x | - | |||
| $1.7B | - | 7.9x | 8.1x | - | - | |||
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Common questions about Capchase
| When was Capchase founded? | Capchase was founded in 2020. |
| Where is Capchase headquartered? | Capchase is headquartered in New York City, NY, United States. |
| Is Capchase publicly listed? | No, Capchase is a private, VC-backed company. |
| How much funding has Capchase raised? | Capchase has raised $521M across 6 funding rounds. |
| What was Capchase's last funding round? | Capchase's last funding round was a $26M undisclosed-stage round in May 2026, led by 01 Advisors. |
| Who are Capchase's investors? | Capchase's investors include SciFi VC, Bling Capital, Caffeinated Capital, ONEVC, 01 Advisors, Invesco Private Capital, SV Angel, i80 Group, Max Levchin, BoxGroup and 7 others. |
| Which companies are comparable to Capchase? | Companies comparable to Capchase include Bajaj Finance, JD Digits, Tata Capital, Mitsubishi HC Capital, Muthoot Finance and Creditas Financial. |
| How many companies has Capchase acquired? | Capchase has acquired 1 company, including Vartana. |
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