SaaSOptics, an Atlanta, GA-based subscription management platform designed for emerging and growth B2B SaaS and subscription-based businesses, secured $12m in Series B equity and debt funding.
The equity round was led by Fulcrum Equity Partners while Silicon Valley Bank (SVB) provided a line of credit.
The company intends to use the funds to continue to scale sales, marketing, customer success and support teams while adding more engineering and product management resources to extend its total addressable market.
To date, customers have used the data, metrics and analytics reporting in SaaSOptics to raise over $13 billion in capital.
Led by Tim McCormick, CEO, SaaSOptics provides a cloud-based complete B2B subscription management platform that features subscription and order management, GAAP revenue recognition, e-invoicing and payments, GAAP financial reporting and subscription metrics and analytics.
The company currently serves over 600 customers worldwide managing over $6 billion in revenue.