RevenueCat Secures $12 Million in Series C
RevenueCat, a San Francisco, CA-based subscription management platform for in-app purchases, has secured a $12 million Series C funding.
The investment comes as the company expands its offerings to the web, introducing RevenueCat Billing to integrate subscription purchases into websites.
The round was led by Adjacent, with participation from investors like Y Combinator and Index Ventures, bringing RevenueCat's total funding to over $68 million.
Founded in 2019, Adjacent is a venture capital firm based in New York. The firm invests in startups across North America.
The company plans to utilize the funding to fuel product expansion and market expansion in regions like Japan and South Korea.
Founded in 2017 by Miguel Carranza and Jacob Eiting, RevenueCat is a company that provides a subscription management platform for apps that monetize through in-app purchases. The company's tools build in-app subscriptions, manage products and users, and analyze IAP data with charts and third-party. RevenueCat Billing, essentially a web SDK, empowers developers to accept subscription payments from any website, providing unified data and insights within the same dashboard where they manage in-app purchases. The company has over $2 billion in subscriptions annually across 30,000 apps.
Funding Details
Company: RevenueCat, Inc.
Raised: $12.0M
Round: Series C
Funding Month: April 2024
Investors: Adjacent
Additional Investors: Y Combinator, Index Ventures
Company Website: https://www.revenuecat.com/
Software Category: Subscription Management