[Funding alert] Dutch Fintech Startup Levenue Secures €8 Million in Series A Round Funding Acquires Belgian Fintech Cake

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Levenue, which serves across 12 European countries, raised €8 million in Series A funding headed by Truffle Capital and includes participation from Freshmen Fund.

Levenue, like its American rival Pipe, has established a marketplace that links institutional investors wishing to diversify their portfolios with entrepreneurs seeking growth capital—or, more precisely, bridge financing.

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This offers a chance for investors to increase profits by funding high-quality, lower-risk businesses that have the support of other investors, including venture capitalists.

Cake, which was established in 2018 and raised €4.6 million in January 2022, creates a precise duplicate of a company's profit and loss statements by utilising open banking and data enrichment technologies. Levenue's underwriting procedure will be significantly improved by the incorporation of this technology.

About Levenue

Levenue is a pan-European marketplace where businesses with recurring revenue may get low-cost, non-dilutive capital to jump-start their expansion. Currently operating in more than eight European countries, our goal is to give founders the financing option they've been waiting for.

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