Fulcrum Equity Partners Leads Another Funding Round For SaaSOptics, Adding A $12M Series B to Meet Demand
Summary
“We continue to see increased demand for our subscription management platform due to the explosion of SaaS and cloud-based businesses being funded at such a rapid rate, in addition to venture capital and private equity firms coming further down-market to fund businesses at a much early stage,” CEO Tim McCormick tells Hypepotamus. “We also plan to continue growing our product and engineering teams to expand our total addressable market with new, innovative features and functions,” says McCormick. SaaSOptics’ cloud-based platform enables SaaS companies to streamline revenue reporting, payment collection, financial operations and analytics. McCormick shares that their addressable market is growing further as legacy software companies change to a SaaS model. That funding and revenue growth has helped the company add close to 50 new employees in the past year and a half for a total of 78.
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