Braavo Capital Secures $5m Series B Funding

By Author: Ben Gross
Total Articles: 433
Comment this article

Braavo Capital Inc., the top financing partner for consumer subscription apps, announced today the successful completion of a $5 million Series B funding round. Led by current insiders and with participation from Series A lead investor Headline, along with a new $30 million debt fund from Upper90, this injection of capital is a major milestone for Braavo's ongoing expansion.

Established in 2015, Braavo has become the global leader in financing solutions for founders who want to grow their app businesses without resorting to unnecessary equity raises. With over $1 billion in financing facilitated since its inception, the company's profitability in its core financing operations demonstrates its dedication to empowering the subscription app economy.

Mark Loranger, CEO & Co-Founder of Braavo, stated, "This new round of equity will support Braavo Growth Ventures, an initiative aimed at fostering innovation in the consumer subscription market. While we continue to expand our financing business, we are also thrilled to utilize our years of experience and extensive market relationships to embark on this new venture."

Operating ...
... as a separate division within Braavo Capital, Growth Ventures focuses on strategic partnerships with app businesses to drive subscriber growth through web monetization (commonly known as web2app). Loranger further explained, "By adding web monetization capabilities alongside in-app purchases, there is a significant opportunity for subscription app businesses. However, for many, this transition can be overwhelming and expensive."

More Information : https://www.techdogs.com/tech-news/pr-newswire/braavo-capital-closes-5-million-series-b-to-accelerate-web2app-subscriber-acquisition