Capchase nabs $60M in credit to help founders avoid dilution – TechCrunch
No one likes dilution, and that’s why every founder is looking for alternatives to traditional equity investing by venture capitalists. Financial entrepreneurs have launched a number of products, from SaaS securitization to debt-based financing, to help founders avoid that dilution, particularly when they have recurring revenues clocked on the books. This morning, the company announced that it has raised $60 million in an “asset-backed credit facility” from i80 Group. i80 itself has built an investment firm based around credit underwriting just these sorts of projects for startups. Of course, those number will vary widely depending on the startup, its growth, its recurring revenues and other variables.