Capchase, a startup in the United States that assists entrepreneurs in obtaining non-dilutive capital, has raised $80 million in a Series B round led by 01 Advisors. The round was co-led by QED, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco, and Gaingels. 

Capchase, founded in 2020, assists businesses in releasing cash that is otherwise locked up in future predictable revenue payments. Since its inception, it has worked with nearly 3000 companies across the United States and Europe, providing founders with over $2 billion in funding and extending runways by over 5,000 months. 

Additionally, the firm estimates that 15% of the capital it has provided has gone to female and minority-led startups – a significantly higher proportion than is typical in the venture capital industry. It opened a European headquarters in London last month in response to increased demand from UK startups. 

"In this economic environment, founders require new options for funding their businesses," says Miguel Fernandez, CEO of Capchase. It's no longer a one-size-fits-all approach, and in just 18 months of operation, we've witnessed an incredible appetite for growth capital that is flexible, fast, and complementary to traditional funding methods such as venture capital. 

"Our mission is to automate everything that has an effect on our customers' finances, and this new round of funding will enable us to launch additional products that allow founders to focus on what matters most: building and selling their product."