SaaS startups in Ireland
will now have access to Capchase's complete suite of products to
drive company growth
NEW YORK and MADRID, June 11,
2024 /PRNewswire/ -- Capchase, the revenue acceleration
platform for Software-as-a-Service (SaaS) companies, today
announced it has expanded its services to Ireland. The company now operates in seven
European markets, with a total of nine countries across the globe.
The expansion comes at a time when venture capital funding in
Europe fell by more than 45% in
2023 compared to the previous year. Capchase aims to address the
challenges posed by the recent decline in venture capital funding
by providing startups with the necessary capital and tools to
thrive.
Through this expansion, Capchase's complete suite of
non-dilutive financing and revenue acceleration products will be
available to eligible SaaS companies in Ireland, including:
- Capchase Grow: Capchase's flagship product offering access to
non-dilutive capital based on future revenue growth to scale a
business.
- Capchase Pay: A flexible financing product created to decrease
the length of SaaS sales cycles and close deals faster.
- Capchase Collect: An invoice collections tool for SaaS that
automates the invoicing process by sending reminders and offering a
system for easy re-payment to expedite revenue growth.
- Capchase Infra: A software solution for banks and other lending
institutions to make informed credit decisions when evaluating
high-growth companies by automating their data collection,
underwriting, and risk monitoring processes.
Capchase's expansion to Ireland
is a natural step forward for the company, driven by the region's
burgeoning startup ecosystem, evidenced by a significant surge of
nearly 950 new companies registered in 2023.
"As Capchase continues to pioneer revenue acceleration for SaaS
companies worldwide, expanding to Ireland marks a significant milestone in our
global growth journey with a presence in almost a dozen markets,"
said Miguel Fernandez, co-founder
and CEO of Capchase. "With capital already available to SaaS
companies in Ireland, we are
committed to supporting founders as they navigate growing their
business and runway during economic uncertainty."
"What ultimately drew us to Capchase over other funding options
was the tailored plan they crafted for us that met our requirements
and goals. Capchase clearly outlined our revenue growth trajectory
and what milestones we needed to hit to secure future drawdowns,"
said Juan Sebastian, COO at
Audiense. "With Capchase, we now have control over our revenue and
cash flow. We can make more informed decisions about our business,
and that is invaluable.''
Capchase's expansion into Ireland follows a recent €105 million credit
facility warehouse led by Deutsche Bank and i80 Group. With this
new financing, Capchase has received more than $1 billion in combined debt and equity financing
since its founding in 2020. The money secured from Deutsche Bank
and i80 will also be available to SaaS companies across
Ireland that are eligible for
non-dilutive financing.
To learn more about Capchase's expansion into Ireland, please visit capchase.com.
About Capchase
Capchase empowers B2B SaaS
companies to grow faster through non-dilutive capital and revenue
acceleration tools. Our capital solution, Grow, made more than
$2B in funding available to the SaaS
industry. Our revenue management tools, Pay and Collect, help SaaS
vendors sell more and collect cash faster. Founded in 2020 and
headquartered in NYC, we've worked with over 4,000 businesses and
partners to date. Capchase operates in nine countries in
North America and Europe and was recognized as one of Fast
Company's Most Innovative Companies and Forbes' Next Billion
Dollar Startups in 2023. To learn more about Capchase, visit
capchase.com.
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