What is Sprinque?
Founded in 2021 and headquartered in Amsterdam, Sprinque offers a Software-as-a-Service (SaaS) solution designed to simplify business-to-business (B2B) transactions. Their platform requires a single integration and provides a range of business-specific payment options, including net 30-, 60-, and 90-day terms, split payments, and milestone-based payments. This innovative approach aims to remove friction from the B2B checkout process, a critical area for operational efficiency and cash flow management in the enterprise sector.
How much funding has Sprinque raised?
Sprinque has raised a total of $29.7M across 3 funding rounds:
Unspecified
$2M
Angel/Seed
$6.4M
Debt
$21.3M
Unspecified (2021): $2M with participation from Force Over Mass Capital and Volta Ventures
Angel/Seed (2023): $6.4M led by Connect Ventures and Kraken Ventures
Debt (2023): $21.3M supported by Avellina Capital
Key Investors in Sprinque
Force Over Mass Capital
Force Over Mass Capital is a venture capital firm that focuses on backing contrarian founders and early-stage businesses, leveraging technology to support their growth. The firm aims to deliver superior returns to investors while implementing innovative financial strategies.
Volta Ventures
Volta Ventures is a venture capital firm focused on seed and early-stage investments in enterprise software startups within the Benelux region, specializing in B2B SaaS companies. They provide investment amounts ranging from €100k to €1M, with opportunities for substantial follow-on funding.
Connect Ventures
Connect Ventures is a venture firm based in London that focuses on investing in pre-seed and seed stage product companies, aiming to provide support and capital to exceptional founders driving innovative change. The firm is recognized for its entrepreneur-friendly approach.
What's next for Sprinque?
With its recent major strategic investment, Sprinque is poised for significant expansion. The company's focus on creating a frictionless digital checkout infrastructure for businesses positions it to capture a larger share of the B2B payments market. Future developments will likely involve enhancing its SaaS offering, expanding its integration capabilities, and potentially exploring new payment term innovations. The substantial backing suggests a strategic push towards scaling operations and solidifying its market leadership in the enterprise transaction space.
See full Sprinque company page
