Berlin’s re:cap closes extended seed round at $115 million with Mubadala Capital on board

Revenue-based financing startup re:cap said today it had welcomed Mubadala Capital on board as a new investor as it announced the close of its extended seed round at $115 million.

That breaks down as a total of $15 million in equity, including $3.5 million from Mubadala Capital in this extended round and no new debt funding beyond the $100 million they took on earlier. re:cap also counts Entrée Capital, Felix Capital, and Project A among its investors.