FastSpring Secures Strategic Investment from LLR Partners

The company plans to use the funds to speed up product development, expand its go-to-market efforts, and invest in new strategic initiatives.

As a merchant-of-record, FastSpring helps businesses grow globally by managing complex tasks like international taxes and compliance on their behalf.

“FastSpring’s mission is to help technology companies grow without the friction and risk of managing complex global payments, tax, and compliance requirements on their own,” said David Nachman, CEO of FastSpring. “With this investment, we’ll continue to enhance the capabilities our customers rely on to scale globally. We’re excited to grow FastSpring alongside experienced partners who share our vision.”

“We see a unique opportunity to back one of the most experienced and capable teams within the ecommerce enablement category. Global commerce is shifting rapidly, and we believe David and the team have done a great job positioning the Company to help capitalize on these trends. In partnership with FastSpring and Accel-KKR, we plan to accelerate product innovation, expand go-to-market capabilities, and invest in strategic initiatives that deliver meaningful value to customers,” said Devon Bembery, Vice President at LLR Partners.

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“FastSpring has built a strong foundation as a leading digital commerce platform, and we are proud of the progress the team has made,” said Andy Rich, Managing Director at Accel-KKR. “We are excited to partner with LLR Partners on this next phase, combining our strengths to support continued innovation and help accelerate FastSpring’s long term growth.”

David Reuter, Partner at LLR Partners, added, “We look forward to working with Accel-KKR, David, and the entire FastSpring team. Together, we’ll continue to help support the Company’s next phase of growth.”

About FastSpring

Founded in 2005, FastSpring helps AI, SaaS, gaming and software companies sell their products globally by managing payments, checkout, and taxes. The company is privately owned, with headquarters in Santa Barbara and offices in Amsterdam, Austin, Belfast, Dublin, Halifax and Singapore.

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