Tech

Cyclr white label software company raises £ 5.5m in funding

Embedded integration platform Cyclr has raised £ 5.5m in a new funding round led by Praetura Ventures and current investor Blackfinch Ventures.

The London – based startup firm operates in the software as a service (SaaS) market. It provides cloud-based integration software for white label vendors or integrates with other products embedded in their own.

Cyclr has created a product line of more than 400 white label API connectors that technology companies can use to provide integration of services such as accounting and billing, data tools, ecommerce, HR, and marketing.

Cyclr staff plans to use the new funds for further international expansion.

Cyclr already operates across a number of international markets, including the US, Canada, Europe, Israel and Australia.

“This new investment is a significant validation of our company and strategy,” said Fraser Davidson, Chief Executive of Cycling.

“We already generate the vast majority of our revenue internationally and this capital will allow us to begin exploring a direct presence in some of these international markets for the first time.”

David Foreman, managing director of Manchester-based Praetura Ventures, said that “Cyclr is a very interesting business with a strong management team who have had a career problem in the past and are now on a mission to solve it.”

Saoiste said: “In delivering on our commitment to more than money, we will engage with our operating partners and other portfolio support services to assist Cyclr on its journey of growth.”

Blackfinch Ventures leader Reuben Wilcock said: “The business-to-business software-as-a-service technology sector is exploding, and Cyclr’s elegance allows software providers to integrate with other platforms. ”

Cyclr’s final funding round almost a year ago when the company raised £ 2m in April 2021.



Cyclr white label software company raises £ 5.5m in funding

Source link Cyclr white label software company raises £ 5.5m in funding

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