Braavo Capital Closes $5 Million Series B to Accelerate Web2App Subscriber Acquisition
Summary
Leading provider of non-dilutive financing for consumer subscription apps commits to expanding growth partnerships with top-tier brandsNEW YORK, May 28, 2024-- Braavo Capital Inc. ("Braavo"), the leading financing partner for consumer subscription apps, announced today the successful closing of a $5 million Series B funding round. Led by existing insiders with participation from Series A lead investor Headline, and accompanied by a new $30 million debt fund with Upper90, this capital injection marks a significant milestone for Braavos continued expansion. Established in 2015, Braavo has emerged as the global leader in financing solutions for founders seeking to scale their app businesses without resorting to unnecessary equity raises. Loranger elaborated, "Adding capabilities for web monetization in addition to in-app purchases presents a significant opportunity for subscription app businesses. Offering a range of products, from on-demand receivables financing to multi-million dollar bespoke credit facilities, Braavo has cemented its position as the premier funding partner for the worlds most successful app businesses.