Spanish NoviCap raised €1,5Μ in a seed round

NoviCap, an invoice trading marketplace recently raised 1,5 million Euros in a seed round funding, which was led by Partech Ventures, Techstars Ventures and Cabiedes & Partners.

The startup is aiming to solve the problem that SMEs face due to the typical 60-90 day delay in invoices being paid by clients, creating them cash-flow problems.

Therefore, NoviCap provides a marketplace where SMEs can raise financing by trading their invoices, which are used as security, in order to raise financing via a more speedy process.

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