SaaS Capital Portfolio Company, Chatmeter, Announces Investment by Providence Strategic Growth
July 25, 2019
CINCINNATI & SEATTLE, July 25, 2019 – SaaS Capital, the leading credit provider to software-as-a-service (SaaS) companies, congratulates portfolio company Chatmeter on its investment by funds advised by Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners.
The investment aims to fuel Chatmeter’s next phase of growth to support rising demand for sophisticated local brand management technology. The company had the following to say:
“Chatmeter’s strong growth trajectory reflects the need for effective brand management solutions across industries that enhance the customer experience, increase foot traffic at store or business locations and ultimately improve a brand’s ROI. We believe PSG’s strategic investment will enable Chatmeter to accelerate the necessary growth of our technology, team and services to support multi-location brands,” said Collin Holmes, Founder and CEO, Chatmeter. “PSG’s deep industry experience and proven track record of helping scale SaaS-based companies make them the ideal partner for Chatmeter as we enter our next phase of growth.”
Over the past five years, Chatmeter has grown substantially, supporting multi-location brands across industries including retail, restaurant, financial services, healthcare, automotive, real-estate and agencies.
Complete details of the investment can be found here.
Chatmeter helps enterprise retail brands and agencies managing multiple locations increase their revenue. Since being the first Local Reputation platform in 2009, they now analyze and improve over 1,900,000 storefronts for their reviews, rankings and listings. They help retailers make a distinct impact in revenue by identifying several areas in their online presence that drives customers to choose their stores over competitors. Chatmeter takes this a step further with the only integrated local visibility rank tracker so you can measure ROI using the most complete local presence management platform in the world. Visit www.chatmeter.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of growth debt specifically designed for 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 instead of equity to finance growth and create hundreds of millions of dollars in enterprise value without sacrificing significant ownership or control. SaaS Capital has offices in Cincinnati and Seattle. Visit www.saas-capital.com to learn more.
About Providence Strategic Growth Capital Partners L.L.C.
Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information on PSG, please visit http://www.provequity.com/private-equity/psg, and for more information on Providence, please visit www.provequity.com.
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