Braavo Capital Inc, the leading financing partner for consumer subscription apps, secures $5 million in series B round funding.
This capital infusion, which is being led by current insiders and includes participation from Headline, the Series A lead investor, along with a new $30 million debt fund alongside Upper90, is a major turning point for Braavo’s ongoing growth.
Read also – Global IT Services Provider FPT Software Acquired Creatio
Since its founding in 2015, Braavo has been the industry leader in providing financing options for entrepreneurs looking to grow their app businesses without having to raise extra money for stock. The company’s profitability in its core finance operations highlights its dedication to supporting the subscription app economy, as it has enabled over $1 billion in funding since its founding.
Mark Loranger, CEO & Co-Founder of Braavo, commented, “This new round of equity will fuel Braavo Growth Ventures, an initiative aimed at fostering innovation in the consumer subscription market. While we continue to grow our financing business, we are also excited to apply our years of experience and extensive relationships in the market to embark on this new venture.”
With a dedicated team and a proprietary growth platform developed over more than a year of operation in stealth mode, Growth Ventures is now ready to reveal its web2app service to a broader market.
Billy Libby, Founder & Managing Partner at Upper90, remarked, “Upper90 was an early credit partner and has been impressed with Braavo’s disciplined approach to underwriting and customer acquisition. We are excited to continue to partner with Braavo on their next phase of growth.”
For Growth Ventures, Braavo sees more than just web2app; Loranger said, “Our focus extends beyond subscriber acquisition.” Our goal is to develop closer relationships with our most prosperous portfolio companies over time.”
About Braavo Capital
Braavo Capital, which was established in 2015 in New York City, currently has offices all throughout North America and a base in Warsaw, Poland, for Europe. Braavo Capital technology-driven subscription app financing platform has supported over 8,000 apps and enabled over $1 billion in funding since its founding.
With a variety of offerings ranging from multi-million dollar customised credit facilities to on-demand receivables finance, Braavo has solidified its standing as the go-to funding source for the most prosperous app companies globally.
