Capchase, a leading provider of non-dilutive capital for recurring-revenue companies, has announced it will expand to Denmark, Sweden and Finland.
The move comes off the back of Capchase’s customer growth in the Nordics since launching in Europe in the Spring of 2021. It has provided capital to a range of Scandinavian companies across SMB SaaS and enterprise SaaS industries, as well as consumer subscription businesses. Example clients include Soundtrack Your Brand (Spotify for Business), Lucinity (Anti-money laundering SaaS) and more.
Capchase intends to scale headcount rapidly across the Nordic region to build out its regional presence to further drive growth.
Capchase provides a suite of non-dilutive financing products for companies with recurring revenue. This enables founders to gain additional growth capital without giving up equity. Last month, Capchase announced the industry’s first high yield product called Capchase Earn. It generates 3% return and allows companies to significantly reduce their overall cost of capital. The service enables startups with idle cash reserves from sources such as a recent fundraise to offset rates on Capchase’s other financing products.
The expansion is the latest major milestone for Capchase in less than two years of operations. Earlier in 2021, it announced two separate funding rounds totalling $405 million from investors including QED ventures, Bling Capital, Caffeinated Capital and SciFI, launched a series of new financial products for its customers and made hundreds of millions in funding available to hundreds of European startups.
Henrik Grim, MD of Europe at Capchase, said: “As a Swedish native it gives me particular pleasure that Capchase is making such a major investment in Scandinavia. I’ve experienced first-hand just how innovative and vibrant the tech scene is in the Nordics. There are thousands of very exciting startups coming through, many of which are hungry for new, more flexible ways of financing their growth.
Ola Sars, CEO and founder of Soundtrack Your Brand said: ““Coming back strongly after covid, we were considering our options to finance even faster growth, while minimizing dilution. Having been users of venture debt before, we considered that route again, but heard about Capchase. After a process that was at least 10x the speed vs our previous experiences, we realized the product & terms were much more flexible and significantly lower cost for us. We have been able to quickly get back to focus on growth, haven’t looked back since and couldn’t be happier with Capchase!”