PXR has advised non-dilutive funding platform re:cap on its €100 millon seed financing round. The seed financing, consisting of an equity and a debt portion, came from pan-European VCs Felix Capital and Project A, with additional participation from existing investor Entrée Capital.
re:cap allows businesses with recurring revenues to fund their growth without the need to dilute ownership via equity or on debt by converting up to 50% of their ARR into instant, upfront cash. The new capital will be invested into further expansion of the team as well as product. Further information on the funding round at Finance Forward.
PXR is a full-service law firm specializing in advising companies, entrepreneurs and investors in the technology sector. PXR’s clients include numerous tech companies, private equity and venture capital investors, and entrepreneurs. PXR’s core areas of expertise include tax and corporate law, employment law, and IP/IT and data privacy law.