The start-up had previously raised USD 1.5 million in a pre-seed round in May 2021. The funding is made up of a combination of growth capital and liquidity for its platform.Felix Capital, Project A Ventures, and existing investor Entrée Capital all contributed to the round.
With the new round of funding, the start-up says its platform is now officially launching and the first set of customers have received financing terms. Re:cap says its offering allows recurring revenue businesses to boost their growth without any dilution or taking on debt.
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