Authorization

Here's the pitch deck that $60 million startup RevenueCat used to raise $15 million from the likes of Index Ventures to help app developers make more money

Here's the pitch deck that $60 million startup RevenueCat used to raise $15 million from the likes of Index Ventures to help app developers make more money

RevenueCat founders Jacob Eiting and Miguel Carranza
RevenueCat




RevenueCat, a Y-Combinator startup that helps app developers manage in-app purchases and subscriptions, raised a $15 million Series A in August.




The round was led by Index Ventures, while firms like Oakhouse Partners and angel investors Nicolas Dessaigne, Josh Buckley, and Harry Stebbings contributed.




The company has raised a total of $16.65 million, according to Pitchbook, and the company said in August it's valued at $60 million.




Visit Business Insider's homepage for more stories.


RevenueCat founders Jacob Eiting and Miguel Carranza came up with the idea for an app subscription manager when they were working at brain training app Elevate. As Elevate began to grow, it became harder and harder to share revenue and data with company shareholders a?? or even internally a?? because Apple's App Store and Google Play required the company to use complicated APIs to process subscriptions. "There's this huge gap in what developers practically need to run a business on these tools and what Apple actually delivers a?? and they're not exactly good at listening or taking feedback," Eiting previously told Business Insider. "They care much more about the end user experience than the developer experience."Eiting and Carranza quickly learned from friends at other app companies this was a widespread problem. Developers had to manually process subscriptions and create complicated webs of code to automate the process. And there were still big gaps in the data.So, in 2016, the pair left their jobs at Elevate to work on a new company, which they deemed RevenueCat, which aimed to help app developers make more money. As of August 2020, the company amassed over 3,000 app companies using its product.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2020    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
262728293031