Levenue, the revenue-based investing marketplace, has just closed an €8 million Series A funding round, led by Truffle Capital.
Founded in 2021 by Benjamin Rieder Zahra Alubudi and Anthony De Meulemeester, Levenue, operating across 12 European countries, has redefined financing for subscription-based companies. Its innovative platform allows these companies to leverage forecasted cash flows from existing subscriptions as collateral, securing non-dilutive financing from institutional investors. Since its inception, Levenue has facilitated over €300 million in total financing, showcasing the strong demand for its unique model.
The Series A funding, led by Truffle Capital, positions Levenue for accelerated growth, with plans to launch in France early next year. This significant injection of €8 million underscores the confidence investors have in Levenue's mission to revolutionize the financing landscape for subscription-based businesses.
But that's not all, #Levenue has also made a strategic move by acquiring #Cake, a bank transaction enrichment expert. This acquisition is a pivotal step toward enhancing Levenue's underwriting process. Cake, known for its open banking and data enrichment technology, will contribute to creating more accurate risk profiles and expediting financing decisions. Benjamin Rieder, CEO of Levenue, emphasizes that this acquisition aligns with their commitment to continually improve offerings and enhance transparency for users.
This dynamic combination of funding and strategic acquisition positions Levenue at the forefront of financial innovation. As they scale their growth and expand into new markets, the #fintech startup is not only reshaping how subscription-based businesses access financing but also raising the bar for underwriting accuracy and speed in the industry.
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Thrilled to be working with you! Can't wait to see where this takes us.