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Re:cap, a Berlin-based revenue-based financing startup, has successfully raised $14.6 million (€13.5m) in a Series A funding round. The funding will be used to launch its SaaS cashflow insights solution for investors and businesses, and to extend its financial debt platform for subscription companies. The round was led by Entree Capital, with participation from Felix Capital and Project A Ventures. Re:cap's platform provides alternative debt financing to tech businesses and a decision-making platform for institutional investors, leveraging data insights from over a thousand businesses. Additionally, Re:cap has launched its Institutional platform.
👏🏼👏🏼👏🏼 500% year-over-year growth!!! Congratulations to @alexkubicek, Neil, Bryan and the @UnderstoryWx team. Climate change is upending insurance, but @UnderstoryWx has cracked the code applying proprietary deep tech: hyper-sensitive weather stations delivering unique… https://t.co/euH7bH83j8
Congratulations to @amcreynolds7 and the Alysio team for the announcement of their $3.3M Seed Round! We're honored to back their team and are excited to see how their upcoming AI Product launch helps customer productivity. 💡 https://t.co/wCrCXyHYRv
After realizing that traditional insurance hasn't adapted to meet the growing threat of severe weather risk, @UnderstoryWx set out on a mission to build insurance solutions for the era of #climatechange. They deployed a network of ground-level weather stations to track weather in… https://t.co/cpBczTQTEe
