SaaS Capital Portfolio Company Rev.io Announces Growth Equity Investment from Primus Capital
September 10, 2020
CINCINNATI & SEATTLE, September 10, 2020 – SaaS Capital, the leading credit provider to software-as-a-service (SaaS) companies, congratulates portfolio company Rev.io on its growth equity investment from Primus Capital.
The investment will support Rev.io’s ambitious growth goals for its market-leading billing and customer management platform serving communications and technology providers. The company had the following to say:
“This partnership with Primus marks the start of a new era at Rev.io,” said Brent Maropis, CEO of Rev.io. “While the cloud communications, IoT, and managed services industries have significant growth opportunities ahead, even the best providers can struggle with inefficiencies and revenue leakage associated with their subscription-based billing. Rev.io already helps a deep base of clients grow their revenue efficiently on our billing, customer management, and payments platform. By leveraging Primus’ experience, insight into SaaS best practices, and financial support, we can realize full scalability in our operating models and accelerate our already impressive growth trajectory.”
Details of the investment can be found here.
Rev.io provides sophisticated billing-as-a-service (BaaS) to communications companies, IoT companies, and technology service providers. Rev.io enables clients managing sophisticated subscription billing models with the industry’s most complete quote-to-cash financial processing experience to effectively manage end customers’ subscriptions, usage, taxation, billing, and payment processing. Visit rev.io to learn more.
About SaaS Capital
SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue. Since 2007, SaaS Capital has deployed $209.5 million in growth debt to deliver better outcomes for 60+ clients, resulting in $753 million in total enterprise valuation created. Visit www.saas-capital.com to learn more.
Who Is SaaS Capital?
SaaS Capital® is the leading provider of long-term Credit Facilities to SaaS companies.Read More