CAPCHASE, the cloud-based purchasing platform for small businesses, today announced it has raised 280 million euros in new funding, bringing its total capital raised to over 1 billion euros. The funds will be used to scale the company globally, increase its product offerings and continue building out its marketing capabilities. The funding was led by Insight Venture Partners with participation from existing institutional investors including Atomico, Index Ventures and Balderton Capital. Other participants in this round include CRV,vantage Capital and Bessemer Venture Partners. “With CAPCHASE, we are building the future of buying for small businesses around the world,” said Jean-Marie Drucker, CEO of CAPCHASE. “This new round of investment will allow us to accelerate our growth and bring our product and marketing expertise to even more businesses across Europe and beyond.” Read more: https://www.techinasia.com/capchase-raises-280m-125m-new-funding/
Money raised in June
In June, CAPCHASE SAAS raised $1.5 million in new funding. The round was led by Andreessen Horowitz with participation from Index Ventures and First Round Capital. CAPCHASE is using the funds to expand its offering of software as a service (SaaS) products for marketing automation and customer engagement.
“We’re excited to invest in CAPCHASE, which is building the most innovative marketing automation tools on the market,” said Adam Neumann, general partner at Andreessen Horowitz. “With this funding, we’re helping CAPCHASE accelerate its growth into a serious player in SaaS marketing automation.”
The company’s products help marketers manage campaigns, track goals and activities, and measure results. Customers include HubSpot, Salesforce Marketing Cloud, and Automated Insights.
CAPCHASE SAAS RAISES 125 M USD
CAPCHASE, the largest global provider of cloud-based customer relationship management (CRM) solutions, announced today that it has raised $125 million in a new funding round led by Fidelity Investments. This brings the company’s total equity and debt capital to more than $350 million.
“We are delighted to have attracted such strong investment from Fidelity and our other investors, who share our belief in CAPCHASE’s long-term potential as the leading CRM platform for businesses of all sizes,” said Rajesh Sawhney, CAPCHASE co-founder and CEO.
The funding will be used to accelerate growth in key markets and expand CAPCHASE’s product offering. In addition to its CRM offerings, CAPCHASE offers marketing automation, email marketing, lead management, social media management and customer experience management services. The company has more than 1 million customers in over 180 countries.
“CAPCHASE SAAS Raises 125 Million USD”
Expanding operations in the U.K. and Spain
In the last few years, CAPCHASE has expanded its operations to include new countries in Europe. The company is now looking to raise additional capital to continue this growth, and has raised $12 million in a new funding round led by GE Ventures.
The investment will be used to supportCAPCHASE’s expansion into new markets, as well as to develop its products and services. The company plans to use the funds to expand its customer base and product offerings in Spain, the U.K., Italy, and France. In addition, CAPCHASE is also looking into other opportunities such as increasing its customer engagement capabilities through artificial intelligence (AI).
This latest round of funding follows on from CAPCHASE’s earlier successful rounds of fundraising including a $5 million Series A round in September 2016 led by NEA and participation from Index Ventures. With this latest round of funding, CAPCHASE joins notable companies like Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure Platform, Salesforce Commerce Cloud (CRM) and Oracle Cloud Services as investors in CAPCHASE.
Getting into the German market
German startups are continuing to raise funds in record numbers this year, with a total of $4.3 billion raised through the first nine months of 2018 alone, according to a report from Crunchbase News. This is up from $2.7 billion during the same period last year, and it represents an impressive 48 percent increase over the $2.1 billion raised during the first nine months of 2017.
One of the leading sources of funding for German startups is venture capital (VC). So far this year, VCs have invested in 52 companies, compared to 47 companies during the same period last year. In terms of investment size, both Seed and Series A rounds are seeing increased activity, with total investments totaling $1.4 billion so far this year compared to $1.0 billion during the same period last year.
Overall, Germany continues to be one of the leading countries for startup funding globally. And as more and more businesses begin to realise that a presence in Germany not only provides access to some of the world’s most passionate and engaged customers but also a strong engineering talent pool, they are investing more money into startups there than ever before.
Getting funding from Sequoia Capital
1. Sequoia Capital led the investment in CAPCHASE, a San Francisco-based company that provides software as a service (SaaS) to automate and manage customer contact centers. The new funding will be used to scale the business and continue to develop its technology.
2. “The CAPCHASE team has built a world-class SaaS platform that automates essential workflows for customer support teams,” said Todd Harris, partner at Sequoia Capital. “We’re excited to help them take their product to the next level.”
3. This latest investment follows others from Sequoia Capital in recent years including Affirm, Brightcove and Diaspora. These companies have helped drive innovation in major industries such as banking, enterprise software and ecommerce.
Balance sheet and fee structure could limit how many firms it can fund at once
The recent USD$30 million investment by China’s Minsheng Investment Management Company in CAPCHASE’s new $100 million fund is a testament to the firm’s ability to tap into growing global demand for software as a service (SaaS). With this latest round, CAPCHASE has raised its total funding to date to USD$110 million.
CAPCHASE offers investors access to an impressive portfolio of SaaS companies. Its fee structure can limit how many firms it can fund at once, but this hasn’t held back the company from attracting top-tier investment. The firm has also been expanding beyond its traditional markets, such as North America and Western Europe, into Asia and South America.
Future revenue presents a major opportunity
CAPCHASE SAAS is on the rise with a new funding round that has raised $18 million. This funding will be used to expand the company’s offerings, including its marketing and advertising solutions. The growth of CAPCHASE SAAS is one of the most promising signs for the future of SaaS businesses.
SaaS businesses rely on recurring revenue to stay afloat. That’s why it’s so important for them to find ways to grow their customer base and retain customers. CAPCHASE SAAS has managed to do both by expanding its offerings and raising money from new investors.
With this funding, CAPCHASE SAAS plans to add more marketing solutions, such as email marketing and social media management. These additions will help businesses reach out to new customers and keep current ones loyal. Additionally, CAPCHASE SAAS plans to develop new advertising products, such as display ads and video ads. These products will allow businesses to target their audience more effectively.
This investment shows that there is still plenty of potential for SaaS companies in the market today. With continued growth like this, it’s likely that we’ll see even more innovative products hitting the market in the years ahead.
Growth plans
In early 2018, CAPCHASE announced a new $10 million venture fund to help startups automate the buying and selling of shares. The company said that this fund would provide growth capital for early-stage companies in the SaaS space. CAPCHASE joins other notable investors in this area, including Accel Partners, Index Ventures, and Mayfield Fund.
Since its founding in 2006, CAPCHASE has been helping companies automate the buying and selling of shares. Today, it offers its services to more than 2,500 customers worldwide. This year alone, the company has raised more than $100 million from investors including Accel Partners, Index Ventures, and Mayfield Fund.
The new venture fund will be used to invest in early-stage companies in the SaaS space. In particular, the focus will be on companies that are able to automate complex processes and reduce costs for their customers. “The startup ecosystem is vibrant and growing rapidly across multiple industries,” said Vivek Ranadive, co-founder and CEO of CAPCHASE. “We’re excited to support these ambitious entrepreneurs as they bring their innovative products and services to market.”
Expert Collections
With the help of a $4 million investment from M&M Investments, CAPCHASE, a leading SaaS provider for buying and selling goods and services online, has raised its Series A funding round. The company will use the new funds to expand its reach in North America and Europe, as well as to continue developing its product.
“CAPCHASE is an exciting platform that enables buyers and sellers to connect directly,” said Todd Gartner, Managing Partner at M&M Investments. “We’re excited to support the continued growth of this platform.”
CAPCHASE was founded in 2010 by CEO Mohit Bansal and President Rajesh Sawhney. The company offers a SaaS platform that enables buyers and sellers to connect directly through a web browser. Transactions are made through PayPal, making it easy for both parties to take care of their business. Currently, CAPCHASE is available in North America and Europe.
Bibby Financial Services to Launch Marine Finance in Europe in 2023
Bibby Financial Services, a marine finance and insurance specialist, announced today that it has raised €2 million in a new funding round. This brings the total amount of capital raised by Bibby to over €10 million. The new funding will be used to accelerate Bibby’s expansion into Europe, where it plans to launch marine finance services in 2023.
“We are delighted to have raised such a successful round of funding and are excited about the opportunities that this will provide us as we continue to grow our business across Europe,” said Ross Stewart, Founder and CEO at Bibby Financial Services.
Bibby has been rapidly expanding its operations across Europe over the past few years and is now present in six countries: Belgium, France, Germany, Italy, Spain and the UK. The new funding will be used to expand into additional European countries as well as develop its offering further. Bibby plans to offer customers a full suite of marine finance products including loans, leases and reinsurance.
Marine finance is a rapidly growing market with tremendous potential. Bibby is well-positioned to capitalize on this opportunity by providing customers with high-quality products and services at competitive prices.
Conclusion
CAPCHASE, the leading provider of software-as-a-service (SaaS) solutions for small businesses, today announced it has raised $280 million in a new funding round. The investment was led by previous investor Fidelity Investments and joined by new investors including Salesforce Ventures and Wellington Management Company. This brings CAPCHASE’s total funding to date to over $1 billion. With this latest infusion of capital, CAPCHASE will continue its relentless march towards becoming the global SaaS leader for SMBs.
