What is Chaser Technologies?
Chaser Technologies Limited is an award-winning provider of an all-in-one accounts receivables automation platform, complemented by debt collections agency and outsourced credit control services. The platform enables businesses to streamline credit checking, debtor monitoring, invoice chasing, payment collection, debt recovery, and account reconciliation within a single, unified system. By employing automated yet personalized payment reminders, Chaser ensures timely invoice settlement while maintaining a crucial human touch. The company's efficacy is highlighted by its recognition as Accounting Excellence 'Cloud App of the Year' for three consecutive years (2017-2019), Xero's 'App Partner of the Year' in 2016, and App Partner of the Month in August 2019. To date, Chaser has facilitated the chasing of over USD 10 billion in overdue invoices, demonstrating its substantial impact on business cash flow.
How much funding has Chaser Technologies raised?
Chaser Technologies has raised a total of $4M across 1 funding round:
Angel/Seed
$4M
Angel/Seed (2019): $4M with participation from Sussex Place Ventures, Beacon Capital, Craig Winkler, and Fuel Ventures
Key Investors in Chaser Technologies
Sussex Place Ventures
Sussex Place Ventures is an early-stage venture capital investor focused on enterprise software and deep technology. They are associated with the London Business School and support entrepreneurs in scaling their businesses effectively.
Beacon Capital
Beacon VC is a venture capital firm specializing in early-stage enterprise software startups across Europe, with a focus on AI-powered solutions. They provide capital and strategic support to help founders scale their technologies.
Fuel Ventures
Fuel Ventures is a UK-based venture capital firm that funds ambitious tech companies with early commercial traction, offering investments, operational expertise, and network support.
What's next for Chaser Technologies?
The recent major strategic investment signifies a pivotal moment for Chaser Technologies, likely indicating a move towards scaling operations, enhancing product development, and expanding market reach. This capital infusion, coupled with the company's proven track record and industry accolades, positions Chaser for accelerated growth. Future strategic initiatives may involve further integration with accounting software ecosystems, development of advanced AI-driven collection strategies, and expansion into new geographical markets. The company's focus on automating and personalizing accounts receivables processes addresses a critical pain point for businesses, suggesting a strong trajectory for sustained success and market leadership.
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