Braavo Capital Secures $5M Series B Funding

 


Braavo Capital Inc., a top financing partner for consumer subscription apps, shared today the successful completion of a $5 million Series B funding round. The round was led by existing insiders with involvement from Series A lead investor Headline, and supported by a new $30 million debt fund with Upper90. This capital injection is a major milestone for Braavo's ongoing growth.


Founded in 2015, Braavo has become the worldwide leader in financing solutions for founders looking to expand their app businesses without relying on 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 supporting the subscription app economy.


Mark Loranger, CEO & Co-Founder of Braavo, stated, "This fresh round of equity will power Braavo Growth Ventures, an initiative focused on promoting innovation in the consumer subscription market. As we continue to expand our financing business, we are also eager to leverage our years of experience and extensive industry relationships for this new venture."


Operating as a separate division within Braavo Capital, Growth Ventures concentrates on forming strategic partnerships with app businesses to boost subscriber growth through web monetization (also known as web2app). Loranger explained, "Integrating web monetization capabilities alongside in-app purchases offers a significant opportunity for subscription app businesses. However, for many, this shift can be overwhelming and costly."


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

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