What is Sprinque?
Founded in 2021 and headquartered in Amsterdam, Netherlands, Sprinque has developed a Software-as-a-Service (SaaS) solution designed to streamline business transactions, making them as effortless as consumer online ordering. The platform requires a single integration and offers a comprehensive suite of business-specific payment options, including net 30-, 60-, and 90-day terms, split payments, and milestone-based payments. This innovative approach addresses a critical need for frictionless B2B payment infrastructure, enabling businesses to manage cash flow more effectively and improve operational efficiency.
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 Kraken Ventures and Connect Ventures
Debt (2023): $21.3M supported by Avellina Capital
Key Investors in Sprinque
Avellina Capital
Avellina Capital is an investment entity that participated in Sprinque's recent funding round. Further details on their specific investment focus are not publicly available.
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.
What's next for Sprinque?
With its recent major strategic investment, Sprinque is well-positioned to further enhance its digital checkout infrastructure and expand its market reach. The company's focus on providing flexible payment terms and a unified integration point for businesses indicates a strategy aimed at capturing a significant share of the B2B payments market. Future developments are likely to involve scaling its operations, enhancing its technological capabilities, and forging new partnerships to broaden its customer base. The enterprise-level funding context suggests a trajectory towards significant growth and market penetration.
See full Sprinque company page
