RevenueCat raises $50M as it expands beyond mobile app monetization

RevenueCat, a company so tied to the mobile economy that now one-in-three new subscription apps launch with its software under the hood, is preparing to expand its business. Capitalizing on its market position, which now includes powering the subscriptions of some 50,000 mobile apps, RevenueCat’s growth plan will focus on using its understanding of the mobile industry to solve more of the common problems that mobile developers face. After the court’s ruling in the Apple-Epic antitrust battle, the company’s focus includes helping developers determine if it’s the right time to support web-based payments, now that is permitted by Apple’s U.S. App Store guidelines. RevenueCat also offers the tools to do so. To fuel its growth, RevenueCat has raised $50 million in Series C funding in a round led by existing investor Bain Capital. Returning investors, including Index Ventures, Y Combinator, Adjacent, Volo Ventures, and SaaStr Fund, also participated. The funds extend RevenueCat’s earlier ... Read full article.