Re:cap expands seed financing round

Previous investors include Felix Capital, Project A Ventures and Entrée Capital. Now the start-up has a new important partner.

The Berlin start-up Re:cap has expanded its seed financing round. The equity share has risen to 13.3 million euros. The technology investor Mubadala Capital has also joined the company. Re:cap intends to use the new capital to expand its team, improve its product and tap into new European markets.

Founded in 2021 by Paul Becker and Jonas Tebbe, the fintech operates a financing platform on which institutional investors can invest in the revenue streams of digital companies. Companies can convert up to 50 percent of their annual revenue into upfront payments. Re:cap's platform has been on the market since December.

Last year, the start-up first raised 1.25 million euros in its pre-seed financing round. This was followed by the seed financing round of 100 million euros in December. Felix Capital, Project A Ventures and Entrée Capital were involved. The new investor Mubadala Capital now gives Re:cap access to successful software companies. "With its extensive global network and impressive knowledge of the fintech and asset management sector, Mubadala Capital is a fantastic partner for Re:cap," says Re:cap co-founder and managing director Paul Becker.