CapchaseRevenue-Based Financing
Capchase provides revenue-based financing to SaaS and subscription companies without diluting equity.
$200M
Investor undisclosed
A $200M round for revenue-based financing signals that RBF is graduating from scrappy alternative to institutional capital pool—this isn't a Series A, it's a growth round that suggests the model works at scale and LPs are comfortable with the risk profile. If you're building any kind of capital product for creators or SMBs, this validates that non-dilutive financing is now table stakes; founders will expect it as an option, so you need to think about how your product either integrates with or competes against it.