Capchase raised $26M in equity and a $174M credit facility to grow its B2B buy now, pay later platform, with 01 Advisors leading the round alongside Caffeinated Capital, Thomvest Ventures, Scifi VC, Bling Capital, and Invesco. The New York startup launched in 2020 doing revenue-based financing for SaaS companies, but pivoted in late 2022 to vendor financing and has since discontinued the original product. Capchase embeds into sales workflows at OEMs, software vendors, and cybersecurity providers, letting reps offer buyers flexible terms (say, $15K/month for five years instead of $1M upfront) while paying the vendor the full amount immediately, minus a fee. The company reports 400% growth over the past 12 months, 75 employees, and customers including Barracuda, Verkada, Okta, and Palo Alto Networks. It's entering Australia this year.
