Capchase, a leading provider of non-dilutive capital for recurring-revenue companies, has announced it has expanded to the Netherlands and Belgium.
The move comes on the back of Capchase’s expansion into the Nordic region last month, building out headcount in Finland, Sweden and Denmark.
Capchase has seen strong growth in 2021, having made $1.6bn available in funding to entrepreneurs throughout the year. Europe has grown quickly and now represents 25% of Capchase’s business, having worked with hundreds of companies since launching six months ago.
Capchase has already provided growth capital to a range of leading companies in these regions, across SMB SaaS and enterprise SaaS, as well as consumer subscription businesses. Clients include Homerun (HR tech platform), Owlin (news analytics) and more.
Capchase offers a range of non-dilutive financing products for companies with recurring revenue. This enables founders to quickly gain access to growth capital without giving up equity. It recently announced one of the industry’s first alternatives for startups seeking to monetize their idle cash, called Capchase Earn. The product generates 1.5% APR and allows companies to significantly reduce their overall cost of capital. It enables startups with idle cash reserves from sources such as a recent fundraise to offset rates on Capchase’s other financing products.
Henrik Grim, MD of Europe at Capchase, said: “Expanding to the Benelux region is the latest in a series of major milestones for Capchase in an incredibly short period of time. The region is seeing an unprecedented boom in capital and talent inflow to the tech sector, and there is a growing pool of startups that are ideally placed to take advantage of Capchase’s flexible financing options.
“European tech has never been more prosperous. However, the growth capital options available to founders remains limited. Our range of products, including Capchase Earn, provide a new, cost-effective way for founders to realise their ambitions. This is why, in six months of operations in Europe, we have already made hundreds of millions available in financing to hundreds of startups, and believe that these numbers will continue accelerating in the months to come.”
Adelina Peltea, COO at Homerun said: “Homerun, which offers SMBs a software for managing their hiring process, is making a few million in ARR and is preparing to raise Series A this year. We wanted a way to fuel our growth without having to wait for the Series A funds, and Capchase seemed like an easy-to-use solution. It's a hassle free alternative to bank loans, and an equity free alternative or complement, to VC money. And I have to say that since UX is big in what we are building, it's also nice to have funding with a great UX!"