Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, has announced it has secured a €105m credit facility warehouse led by Deutsche Bank. This new financing contributes to the more than $1bn in combined debt and equity financing Capchase has received since its founding in 2020.

The financing from Deutsche Bank comes at a crucial time, as new data from Capchase reveals that non-dilutive funding activity to European startups surged by nearly 50% in 2023 compared to 2022, despite venture capital funding in the region declining by more than 45% during the same period.

Capchase can now expand its support for UK and European SaaS businesses

The new financial backing empowers Capchase to expand its support for UK and European SaaS businesses through Capchase Grow, which offers eligible companies access to non-dilutive financing, fostering business growth without sacrificing equity.

Miguel Fernandez, co-founder and CEO of Capchase, said: "We're committed to helping SaaS companies grow their revenue in ways that work best for them with access to capital. Over the past year, there has been a growing interest among European startups in non-dilutive funding as founders seek alternative ways to enhance their cash flow amidst increasingly challenging conditions for securing venture capital. With the latest €105m of debt financing, we can continue to serve as a key financial partner to UK and European SaaS businesses, supporting their growth in the current economic climate."

Ayaas Bhamla, vice president of capital markets at Capchase, added: "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."

"Capchase secures €105m from Deutsche Bank" was originally created and published by Retail Banker International, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.