Levenue has raised €8 million in a recent Series A funding round and has also completed the acquisition of Belgian fintech firm Cake. The funding round was led by Truffle Capital, with participation from Freshmen Fund.
Levenue is one of the largest revenue-based financing marketplaces in Europe. With this subscription-based financing model, startups don’t need to dilute their shares; instead, they can turn their monthly recurring revenue into upfront capital by using it as collateral to raise the financing. This model is not only good for startups and founders, but also for investors. They can now invest directly in recurring revenue and build a diversified investment portfolio with a higher-than-average return.
Levenue is currently present in 12 countries across Europe and has facilitated around €300 million in financing since its inception. The new funding will be used by the company to scale its operations across Europe and launch into the French market next year. The acquisition of Fintech Cake will help the company boost the efficiency and accuracy of its underwriting.
The company’s co-founders are Benjamin Rieder (CEO) and Zahra Alubudi (CTO), and it is headquartered in Breda, North Brabant, The Netherlands.