SaaS Capital Portfolio Company, Pusher, Secures $8 Million in Series A Funding

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CINCINNATI, NEW YORK, SEATTLE, May 2, 2018 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, congratulates portfolio company Pusher on its $8 million in Series A funding led by Balderton Capital, with participation from Heavybit.

Pusher, the realtime API company that helps developers add communication and collaboration features to their apps, had the following to say about the acquisition:

“The majority of our customers are in the US and this investment will allow us to serve them better with an office in California, as well as helping us develop more products that will make developers’ lives easier,” said Max Williams, Pusher’s co-founder.

Based in London, Pusher currently employs 60 people. By the end of 2018 the company hopes to have up to 30 people working in a new US office. The US team, which will be made up of sales, marketing and customer support staff, will initially be based in the offices of investor Heavybit.

Complete details of the funding can be found here.

About Pusher

Founded in 2010, Pusher is a hosted real-time messaging service with APIs, developer tools and open source libraries that greatly simplify integrating real-time functionality into web and mobile applications. With its powerful and intuitive hosted API, Pusher allows developers to create groundbreaking real-time experiences such as collaborative tools, multiplayer games, real-time social networking, second screen experiences and much more. Companies such as GitHub, MailChimp, the Financial Times, and Buffer rely on Pusher to enhance their users’ real-time experience. Visit pusher.com to learn more.

About SaaS Capital

SaaS Capital is the leading provider of long-term Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital's Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions of dollars in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more. 

 

Many SaaS companies are looking for alternative financing options, especially in today's economy. SaaS Capital brings the expertise of the SaaS business model as well as alternatives to traditional financing.

Kim Nelson

CFO, SPS Commerce (SPSC) – River Cities SaaS portfolio company

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