We raised money again

RevenueCat recently secured a $12 million Series C funding round, marking a pivotal moment in its growth journey. Following a challenging period after their Series B, marked by the peak of the Zero Interest Rate Policy (ZIRP) era and operational hurdles, the company refocused on its core mission of empowering developers to monetize their applications effectively. This strategic shift has yielded significant growth, with RevenueCat now boasting over $40 million in the bank and crossing $20 million in annual recurring revenue (ARR). Despite not yet being profitable, the company has halved its burn rate and remains committed to maximizing developer value, with aspirations of going public in the future. Key initiatives include enhancing user experience for easier adoption, investing in security and infrastructure, expanding platform support, and developing tools to boost developer revenue. The appointment of Nico Wittenborn to the board, a seasoned investor in consumer subscriptions, aligns with their vision of advancing consumer-focused subscription software.