Capchase SAAS, a venture-backed startup, recently announced a $280 million Series D round, which included a $125 million secondary purchase from JuneButcherTechCrunch. The funding will be used to support Capchase’s mission of making it easier for customers to buy software-as-a-service (SaaS) products.
Overview of Capchase SAAS
Capchase SAAS is a financial automation and software-as-a-service (SaaS) platform that serves as a solution for small and mid-sized businesses, that are looking for a way to manage their finances without needing to hire a full-time accounting team. It allows businesses to automate their accounts receivable, accounts payable and accounts receivables processes. In June 2020, Capchase SAAS was acquired by June Butcher TechCrunch for a reported $280 million with an additional $125 million in equity. This acquisition is a huge win for Capchase SAAS, as it gives the company access to June Butcher’s extensive network of investors and partners. Additionally, the acquisition will help the company to expand its reach and customer base, giving small and mid-sized businesses access to the company’s services. With the acquisition, Capchase SAAS is now the largest financial automation and SaaS platform in the US.
Junebutchertechcrunch Reporting
Junebutchertechcrunch Reporting the news that Capchase, the SAAS company, has just closed a $280M Series C funding round with a $125M primary investment. This new capital brings Capchase’s total amount of funding to $430M, and signals the company’s continued success in the SAAS space. The round was led by Sapphire Ventures, with participation from existing investors including Index Ventures and Coatue. This new funding will enable Capchase to accelerate its growth and expand its platform, allowing them to better serve their customers and continue to disrupt the SAAS industry.
280M Investment Announced
Capchase, a SaaS company that specializes in helping businesses streamline their payments and invoicing process, recently announced a massive investment of $280M. This investment was led by June Butcher, founder and CEO of ButcherTech, and included participation from multiple investors. This is the biggest investment that Capchase has ever received, and it will help them to further expand their services and reach. With this new influx of capital, Capchase plans to launch additional products and services, as well as hire more employees and enhance their customer experience. This investment is a testament to Capchase’s commitment to revolutionizing how businesses interact with suppliers and vendors, and they are sure to be a major player in the financial technology industry.
125M Series C Funding Round
The 125 million Series C funding round of Capchase SAAS was recently announced, with June Butcher’s venture capital firm, Butchertech, leading the round. This brings the total amount of funding for the company to a whopping 280 million dollars. This is a huge milestone for the company, as it will enable them to expand their operations and continue to offer their innovative platform to businesses. The funding will be used to accelerate the development of their platform, allowing them to support more customers, expand their product offerings and invest in new technologies. This will help them further their mission of providing businesses with the tools they need to better manage their finances. With the help of Butchertech’s expertise in venture capital, Capchase will be able to reach its full potential and continue to bring successful solutions to their customers.
Conclusion
Capchase’s acquisition of SAAS for $280M and the $125M acquisition of JuneButcherTechCrunch is a testament to their commitment to innovation and growth. By investing in SAAS, they have established a foothold in the software-as-a-service market and created a platform for continued growth. The acquisition of JuneButcherTechCrunch further enhances Capchase’s ability to develop and deliver robust products and services to their customers. This strategic move demonstrates that the company is committed to delivering the best experience to its customers, as well as staying ahead of the competition. With these acquisitions, Capchase is well-positioned to continue to be a leader in the software-as-a-service industry.
