Funding round
Capchase Seed
Capchase, which works in vendor financing solutions in New York, raised $4.6M in a Seed round announced on 1 Sep 2020, led by Bling Capital, SciFi VC and Caffeinated. 7 firms took part. It is Capchase's first venture round on record.
$4.6M
Amount raised
Not disclosed
Post-money valuation
7
Investors
3 leads
Valuation
What this round says about the price
Capchase did not disclose a valuation in this round. It is Capchase's first venture round on record, in the year it was founded (2020). It is under 1% of the $470M Capchase has raised in the venture rounds on record. Capchase raised again 4 months later: a Growth round of $60M in Jan 2021.
Capchase's funding rounds
Capchase has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Seed this round 1 Sep 2020, led by Bling Capital, SciFi VC and Caffeinated $4.6M
- Growth 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
Bling Capital, SciFi VC and Caffeinated led the round with 4 other firms.
Lead investors
- backs 64 venture-backed companies new investor
- backs 47 venture-backed companies new investor
- Caffeinated backs 79 venture-backed companies new investor
Also in the round
- BoxGroup backs 175 venture-backed companies new investor
- backs 28 venture-backed companies new investor
- Amara Venture Partners new investor
- backs 18 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
58 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $2.7M, and this round was 1.7 times the median. The closest in time, other companies' Seed rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Wayflyer Loans & Financing | 19 Oct 2020 | $10M | not disclosed | QED Investors |
| Loans & Financing | 27 Oct 2020 | $5.0M | not disclosed | Chiratae Ventures |
| Xepelin Loans & Financing | 1 Oct 2020 | $2.5M | not disclosed | Ideas Impact VC |
| Loans & Financing | 8 Oct 2020 | $2.3M | not disclosed | Acumen |
| Loans & Financing | 25 Aug 2020 | $1.5M | not disclosed | Fintech Ventures Fund |
| Loans & Financing | 26 Oct 2020 | $1.3M | not disclosed | not named |
| Loans & Financing | 25 Nov 2020 | $5.0M | not disclosed | Monashees and ONEVC |
| Loans & Financing | 25 Nov 2020 | $2.0M | not disclosed | ONEVC |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Capchase raise in its Seed round?
Capchase raised $4.6M in its Seed round, announced in Sep 2020.
Who led Capchase's Seed round?
Bling Capital, SciFi VC and Caffeinated led it, with BoxGroup, ONEVC, Amara Venture Partners and Lorimer Ventures.
What was Capchase's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Loans & Financing?
58 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $2.7M, and this round was 1.7 times the median.
Did Capchase raise again after this round?
Yes: a Growth round in Jan 2021 of $60M.