RevenueCat Secures Series A Funding Led by Index Ventures
Aug 11th, 2020Funding
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RevenueCat has raised a $15M Series A funding round led by Index Ventures to expand its digital subscription management tools.
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Co-founders Jacob Eiting and Miguel Carranza initially launched RevenueCat to address challenges in scaling mobile subscription businesses.
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The company gained significant traction with developers, growing to 157 apps and surpassing $10k in monthly revenue by the end of 2018.
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Pandemic-induced digitalization surged RevenueCat's sign-ups, tripling them over a month and pushing the company to its operational limits.
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With the new capital, RevenueCat plans to develop new features and tools while ensuring a customer and company-first approach.