Almost overnight, platforms that offer non-dilutive capital for recurring revenue businesses have become white-hot. It was only in March that Pipe — which aims to be the “Nasdaq for revenue” — raised $150 million, but two months later had raised $250 million at a $2 billion valuation.
This fever is now reaching Europe, where today Capchase raised an additional $280 million in new debt and equity funding, led by i80 Group, following a $125 million round in June. But unlike Pipe, Capchase is playing both in the U.S. and in Europe, where it has made €100 million available to more than 50 companies in its first month of operation on the continent.
Right now it’s live in the U.K. and Spain but expects to expand across Europe this year.