Capchase, a provider of non-dilutive capital, announced a $125 million Series A investment, led by QED Investors. Additional investors in the round include early backers Bling Capital, ScifiVC and Caffeinated Capital, along with several operator angels.

Capchase was founded in 2020 and helps companies unlock cash that is otherwise tied up in future predictable revenue payments. By advancing future revenues, companies can invest more into growth without depleting their cash reserves.