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.”
