15 November 2023

Revenue-based investing marketplace Levenue raises €8m

Written By FinTech Alliance

Revenue-based investing marketplace Levenue raises €8m

Revenue-based investing marketplace Levenue has raised €8 million in a Series A funding round and acquired bank transaction enrichment expert Cake.

In brief:

-Truffle Capital led the round for Levenue, which lets subscription-based companies sell the forecasted cash flow of their existing subscriptions as collateral for non-dilutive financing to institutional investors.

-Operating in 12 countries across Europe, the marketplace has seen investors provide over €300 million in total financing since its launch in 2021.

-The new funding will be used to scale growth, with a launch in France set for early next year.

What does this mean?

Benjamin Rieder, CEO, Levenue, says: “The acquisition of Cake was driven by our continuous commitment to enhancing our offerings and improving transparency for our users.”

Read more here.

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