ChartMogul, a Berlin, Germany-based subscription business analytics platform provider, raised an additional $2.2m in venture capital funding.
The round, announced in November 2017, was led by Alven Capital, with participation from existing investors Point Nine Capital and angels.
The company intends to use the funds expand its product and engineering teams and accelerate product development.
Led by CEO and Founder Nick Franklin, ChartMogul specializes in subscription analytics software which enables more than 1,000 subscription businesses — ranging from global SaaS companies to monthly gift box subscriptions — to centralize and analyze their critical business data to extract decision- informing insights.
The solution offers more than 25 integrations to allow customers to import, enrich, segment and export their data.
In September 2017, the company launched its Revenue Recognition product, which enables finance teams to automate much of the work needed to comply with new ASC 606 revenue reporting requirements.