Funding round
Capchase Series B
Capchase, which works in vendor financing solutions in New York, raised $80M in a Series B round announced on 10 Mar 2022, led by 01A. 9 firms took part. It is Capchase's fourth venture round on record; the one before was a Series A in Jun 2021.
$80M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Capchase did not disclose a valuation in this round. It came 9 months after Capchase's Series A. It is 17% of the $470M Capchase has raised in the venture rounds on record. Capchase raised again 22 months later: a Growth round of $200M in Jan 2024.
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 4 Jun 2021, led by QED Investors $125M
- Debt not a venture round 20 Jul 2021, led by i80 Group $280M
- Series B this round 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
01A led the round with 8 other firms.
Lead investor
- 01A backs 53 venture-backed companies new investor
Also in the round
- QED Investors backs 160 venture-backed companies new investor
- Caffeinated backs 79 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- backs 47 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- backs 38 venture-backed companies new investor
- Invesco new investor
- Gaingels backs 364 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
39 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $35M, and this round was 2.3 times the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 1 Mar 2022 | $137M | $1.30B | Insight Partners and B Capital |
| Loans & Financing | 22 Mar 2022 | $44M | not disclosed | Phoenix Equity Partners |
| Loans & Financing | 20 Apr 2022 | $250M | not disclosed | Goldman Sachs |
| Wayflyer Loans & Financing | 1 Feb 2022 | $150M | $1.60B | DST Global and QED Investors |
| Loans & Financing | 21 Feb 2022 | $118M | not disclosed | not named |
| Loans & Financing | 18 Feb 2022 | $35M | not disclosed | WestBridge Capital |
| Loans & Financing | 20 Apr 2022 | $31M | not disclosed | QED Investors and Aavishkaar Capital |
| Loans & Financing | 4 Apr 2022 | $25M | $80M | Munich Re Ventures |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Capchase raise in its Series B round?
Capchase raised $80M in its Series B round, announced in Mar 2022.
Who led Capchase's Series B round?
01A led it, with QED Investors, Caffeinated, Bling Capital, SciFi VC and Thomvest Ventures and 3 more.
What was Capchase's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
39 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $35M, and this round was 2.3 times the median.
Did Capchase raise again after this round?
Yes: a Growth round in Jan 2024 of $200M.