London-based SaaS company Cyclr has raised £5.5 million in funding to fuel its expansion across Europe. The round was led by Praetura Ventures and Blackfinch Ventures.
The startup has developed an embedded integration platform (embedded iPaaS) that it sells into the software and SaaS economy. Embedded iPaaS is cloud-based integration software that enables SaaS vendors to white label or embed integrations with other products into their own. The platform helps accelerate the integration delivery process and create a frictionless user journey between third parties at scale. This helps software and SaaS innovators to focus on their own development, win new clients, and growing their business.
Fraser Davidson, CEO, Cyclr, said: “We already generate a large majority of our revenue internationally and this capital will allow us to begin exploring a direct presence in some of those international markets for the first time.”
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