Capchase
Company
Key facts about this entity
- Founded 2020; headquartered in New York with an office in Madrid
- Business model: vendor financing / B2B buy-now-pay-later; exited revenue-based financing by May 2026
- May 2026: $200 million round ($26 million equity led by 01 Advisors, $174 million credit facility); valuation not disclosed
- March 2022: $80 million Series B led by 01 Advisors and Seaya Ventures; valuation not disclosed
- Listed on TUM's 'Unicorns founded by TUM alumni' list (dated 4 August 2026) as operational
- No valuation of $1 billion or more found in reliable public sources (as of October 2026)
Entity Profile
Overview
Capchase is a New York-headquartered financial-technology company that provides vendor financing for business-to-business sales: sellers can offer customers monthly or deferred payment terms while Capchase pays the seller upfront. The company started in 2020 with revenue-based financing for SaaS businesses and has since moved fully into B2B buy-now-pay-later and vendor financing, with an office in Madrid alongside its US base.
Why this entity matters
Capchase matters to Startuprad.io readers for two reasons. It is one of the companies on the Technical University of Munich's August 2026 list of unicorns founded by TUM alumni, which UnternehmerTUM's press office supplied to Startuprad.io in October 2026; the TUM link rests on CEO Miguel Fernández Larrea's reported TUM master's degree. And it is a test case for how such lists count: Startuprad.io found no reliable public source for a valuation of $1 billion or more, so its unicorn status on that list remains unverified.
Company history and product
Capchase raised a $4.6 million pre-seed round in 2020, about $125 million in June 2021 (mostly debt), a $280 million debt-and-equity package led by i80 Group in July 2021 and an $80 million Series B led by 01 Advisors and Seaya Ventures in March 2022, all without a disclosed valuation. In May 2026 it announced a $200 million round consisting of $26 million in equity led by 01 Advisors and a $174 million credit facility, and said it had fully exited revenue-based financing to focus on B2B vendor financing, with expansion into Europe and Australia.
Role in the European start-up landscape
Capchase is not a company of Germany, Austria or Switzerland: it is US-headquartered with Spanish founders. Its relevance to the region runs through the TUM alumni link of its CEO and through its role as a financing layer for SaaS and B2B vendors selling into Europe. No UnternehmerTUM programme or UVC Partners investment has been documented.
Selected relationships and affiliations
Founders: Miguel Fernández Larrea (co-founder and CEO), Przemek Gotfryd (co-founder), Luis Basagoiti Marqués (co-founder), Ignacio Moreno Pubul (co-founder). Investors: 01 Advisors, Seaya Ventures, i80 Group (debt), Caffeinated Capital, QED Investors, Bling Capital, Thomvest Ventures.
Startuprad.io relevance
Capchase is covered in Startuprad.io's Unicorn Atlas special on the 23-company list of unicorns founded by TUM alumni, which UnternehmerTUM's press office supplied to Startuprad.io in October 2026. The special checks each company's TUM link, its billion-dollar milestone and any documented UnternehmerTUM programme or investment.
Public source context
This profile is drawn from public sources including Capchase, Crunchbase News, INSEAD, company statements and Startuprad.io coverage. Time-sensitive figures, including valuations and ownership, are reported with their dates and should be re-verified against primary sources before commercial use.
Startuprad.io coverage of Capchase
Capchase appears in the following Startuprad.io interviews, news and analysis.
Exclusive: The 23-Unicorn List UnternehmerTUM Gave Us — and Where Its Role Is on Record
Published: 26 October 2026
Last updated: 26 October 2026
Coverage type: Analysis
https://www.startuprad.io/post/exclusive-the-23-unicorn-list-unternehmertum-gave-us-and-where-its-role-is-on-record
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Canonical record: https://www.startuprad.io/entities/capchase