SaaS startup ProsperStack raises $2m seed round to accelerate growth

SaaS startup ProsperStack raises $2m seed round to accelerate growth

Published: 14-11-2022 14:49:00 | By: Pie Kamau | hits: 3406 | Tags:
November 2022
SaaS
Software
Tech
USA
Venture Capital & Private Equity

ProsperStack, a pioneeer in cancellation flow software boasting the ability to reduce subscriber churn by up to 30%, announced the closing of $2 million Seed round, led by Sandalphon Capital. This investment brings ProsperStack's total funding to date to $2.35 million, driving an impressive growth trajectory for the team of subscription industry experts.

Tony Sternberg, CEO and Co-founder, ProsperStack: "This raise is a result of the hard work the team has put in the past 12 months. ProsperStack is as much about helping our clients with retention as it is enabling them to create amazing offboarding experiences that their customers will love. We can't wait to use these funds to scale our marketing, customer success, development and sales operations during our next phase of growth.''

Thanks to its comprehensive suite of low-code tools optimizing self-service cancellation flows for customers in SaaS, newspaper, digital media, publishing, marketing, advertising, IT & telecommunications industries, ProsperStack's number of subscribers is constantly increasing. Notable customers include Hootsuite, Roll20, SwingU, and Soundstripe.

Jonathan Ellis, General Partner, Sandalphon Capital: "We're excited about the strong product and value proposition, and impressive list of customers the team has already been able to achieve with only modest funding. Now they can accelerate their product vision and scale to help even more customers."

Other participating investors included Homegrown Capital, Jason Calacanis' LAUNCH fund, Groove Capital and Gopher Angels.

www.prosperstack.com