Re:cap receives 100 million euros in seed round

At the same time, the first product of the young start-up is launched with a financing platform.

The Berlin-based technology company Re:cap has successfully completed a seed financing round. The company was able to land 100 million euros in a combination of debt and equity. Investors Felix Capital and Project A Ventures were involved. Existing investor Entrée Capital also contributed capital. The new funds will be used to expand the company's team and product. In the coming months, Re:cap plans to open its offering to more enterprise segments, provide additional features and enter new European markets.

The team built the company and the platform within a few months. Now, Re:cap's first product is launching: a financing platform that aims to enable companies with recurring revenue (ARR) to increase their growth - without diluting or taking on debt. Here's how it works: Companies will be able to convert up to 50 percent of their ARR into immediate, non-dilutive upfront payments. At the same time, institutional investors are to be able to invest directly in the recurring revenues of software companies for the first time.

Just in May, Re:cap landed €1.25 million in a pre-seed funding round. The firm used the money to grow its team to 15 with former executives from Google, Solarisbank, N26 and NIBC and bring its product to market. Joseph Pizzolato of Felix Capital is impressed: "The speed of execution of Re:cap in the first months since its founding is tremendous."