SaaSOptics, an Atlanta, GA-based subscription management platform designed for B2B SaaS and subscription-based businesses, secured a $5m in Series A funding.
The round was led by Fulcrum Equity Partners, with participation from existing investors, Tom Noonan and TechStars Ventures, and new investors, Duke Angel Network.
The company intends to use the funds to scale its sales and marketing organizations, while also continuing to invest in customer success, new products and integrations.
Led by Tim McCormick, CEO, SaaSOptics is a complete B2B subscription management platform that provides subscription and order management, GAAP revenue recognition, e-invoicing and payments, GAAP financial reporting and subscription metrics and analytics. The cloud-based solution enables emerging and growth subscription-based businesses to eliminate their dependency on spreadsheets and streamline their financial operations, reporting and performance metrics.
SaaSOptics also works with popular systems already in use by many growing businesses including Salesforce.com, QuickBooks, Sage Intacct, Stripe and soon, NetSuite, Xero and HubSpot CRM.