Business financing platform re:cap raises $15 million

Business financing platform re:cap raises $15 million

Re:cap, a Berlin-based digital funding platform that enables institutional investors to invest in the recurring revenue streams of companies, has extended its seed funding round with a $15 million investment from Abu Dhabi's Mubadal capital.

The seed round, which was first announced last year, also includes $100 million of liquidity raised for the firm's funding platform.

Re:cap’s funding platform allows recurring revenue businesses to convert up to 50% of their Annual Recurring Revenue (ARR) into instant, non-dilutive cash. At the same time, the platform grants institutional investors, such as Mubadala, the opportunity to invest directly in the recurring revenues of software companies.

Since its official market launch in December of last year, the Annual Recurring Revenue (ARR) of companies on re:cap's platform has grown into the three-digit million range.

The company says the new capital will be invested