German Revenue-based Financing Platform Re:cap Raises $111.5m Seed Round
Re:cap, a non-dilutive funding platform in a similar vein to Pipe.com and Capchase but based in Europe, has closed a Seed financing round of $111.5 million, in a mix of growth capital and liquidity for the revenue-based financing platform. re:cap’s first product is now officially going live, following a pre-seed funding in May of this year.
The growth capital has come from pan-European VCs Felix Capital and Project A Ventures, with participation from existing investor Entrée Capital. The new capital will be invested into further expansion of the team as well as product and entering new European markets from its launch base of Germany. Initially focused on SaaS businesses, it has plans to move into other verticals.Read Article