Funding round
Capchase Series A
Capchase, which works in vendor financing solutions in New York, raised $125M in a Series A round announced on 4 Jun 2021, led by QED Investors. 5 firms took part. It is Capchase's third venture round on record; the one before was a Growth in Jan 2021.
$125M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Capchase did not disclose a valuation in this round. It came 5 months after Capchase's Growth. It is 27% of the $470M Capchase has raised in the venture rounds on record. Capchase raised again 9 months later: a Series B round of $80M in Mar 2022.
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 12 Jan 2021, led by i80 Group $60M
- Series A this round 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
QED Investors led the round with 4 other firms.
Lead investor
- QED Investors backs 160 venture-backed companies new investor
Also in the round
- backs 64 venture-backed companies new investor
- backs 47 venture-backed companies new investor
- Caffeinated backs 79 venture-backed companies new investor
- backs 6 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
79 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $14M, and this round was 8.9 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 23 Jun 2021 | $100M | not disclosed | Accel |
| Loans & Financing | 11 Jun 2021 | $14M | not disclosed | Global Founders Capital and Third Prime |
| Xepelin Loans & Financing | 30 Jul 2021 | $230M | not disclosed | Kaszek and DST Global |
| Wayflyer Loans & Financing | 27 May 2021 | $76M | not disclosed | Left Lane Capital |
| Loans & Financing | 30 May 2021 | $30M | not disclosed | Mirae Asset Venture Investments |
| Ledn Loans & Financing | 26 May 2021 | $30M | $230M | Kingsway Capital |
| Loans & Financing | 7 Jul 2021 | $15M | not disclosed | Marubeni Corporation and SBI Holdings |
| Loans & Financing | 30 Jul 2021 | $15M | not disclosed | Xponentia |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Capchase raise in its Series A round?
Capchase raised $125M in its Series A round, announced in Jun 2021.
Who led Capchase's Series A round?
QED Investors led it, with Bling Capital, SciFi VC, Caffeinated and i80 Group.
What was Capchase's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
79 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $14M, and this round was 8.9 times the median.
Did Capchase raise again after this round?
Yes: a Series B round in Mar 2022 of $80M.