re:cap, a Berlin, Germany-based tech company providing a financing and data insights platform, raised USD 14.6M in Series A funding.
The round was led by Entrée Capital with participation from additional existing shareholders Felix Capital and Project A.
The company intends to use the funds to expand operations and its business reach.
Founded by Paul Becker (CEO) and Jonas Tebbe (CPO), re:cap offers a financing and data insights platform. It provides alternative debt financing and insights to tech and services businesses in Germany and the Netherlands and act as a decision-making platform for institutional investors, allowing them to turn data into insights for better financing decisions.
The first customers using re:cap Institutional include London-based investment firms Avellinia Capital and Channel Capital, which leverage it to monitor the cash flow of their portfolios in real time, automate data collection and processing, and set up smart early warning systems. Portfolio companies also benefit from the software. It gives them access to an out-of-the-box solution for holistic cash management with features such as real-time cash flow monitoring, cash based profit and loss statements and insights into their profitability and runway.
With Cash Insights, which was previously only available in combination with alternative funding from re:cap, the company is also launching a cash flow management software solution for businesses.
FinSMEs
04/06/2024