Funding round
Capchase Growth
Reported as "Growth Equity"
Capchase, which works in vendor financing solutions in New York, raised $60M in a Growth round announced on 12 Jan 2021, led by i80 Group. 1 firm took part. It is Capchase's second venture round on record; the one before was a Seed in Sep 2020.
$60M
Amount raised
of which $60M debt
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Capchase did not disclose a valuation in this round. It came 4 months after Capchase's Seed. It is 13% of the $470M Capchase has raised in the venture rounds on record. Capchase raised again 5 months later: a Series A round of $125M in Jun 2021.
Capchase's funding rounds
Capchase has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 1 Sep 2020, led by Bling Capital, SciFi VC and Caffeinated $4.6M
- Growth this round 12 Jan 2021, led by i80 Group $60M
- Series A 4 Jun 2021, led by QED Investors $125M
- Debt not a venture round 20 Jul 2021, led by i80 Group $280M
- Series B 10 Mar 2022, led by 01A $80M
- Debt not a venture round 13 Jul 2022, led by i80 Group $400M
- Growth 1 Jan 2024 $200M
Investors
Who put money in
i80 Group led the round.
Lead investor
- backs 6 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
35 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $78M, and this round was 77% of the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| GoodLeap Loans & Financing | 27 Jan 2021 | $800M | not disclosed | New Enterprise Associates and WestCap |
| Loans & Financing | 12 Jan 2021 | $40M | not disclosed | SoftBank Latin America Fund and Shift Capital |
| Loans & Financing | 10 Feb 2021 | $42M | not disclosed | not named |
| NIIF Infrastructure Loans & Financing | 25 Nov 2020 | $810M | not disclosed | Government of India |
| Loans & Financing | 9 Mar 2021 | $50M | not disclosed | Siemens Next47 and Raptor Group |
| Loans & Financing | 30 Mar 2021 | $30M | not disclosed | Nuveen Global Impact Strategy |
| Loans & Financing | 23 Oct 2020 | $50M | not disclosed | not named |
| Loans & Financing | 19 May 2021 | $250M | $2.00B | Greenspring Associates |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Capchase raise in its Growth round?
Capchase raised $60M in its Growth round, announced in Jan 2021.
Who led Capchase's Growth round?
i80 Group led it.
What was Capchase's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
35 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $78M, and this round was 77% of the median.
Did Capchase raise again after this round?
Yes: a Series A round in Jun 2021 of $125M.