Churnkey, a Charleston, SC-based subscription retention automation software provider, has secured $1.5 million in funding.
Investors
The investment comes from CreativeCo, based in Charlotte, NC.
CreativeCo invests in fast-growing, highly capital-efficient B2B software companies at the seed stage. Since its launch in 2020, CreativeCo has invested in over 40 early-stage software companies across the US and supports its portfolio with the capital and capabilities of its founder-aligned and operationally proactive growth equity studio model.
Churnkey Use of Funds
The company plans to utilize the funds to hire key executives, expand market reach, enhance product features, drive innovation, and invest in infrastructure to support scalability.
About Churnkey
Churnkey provides retention solutions for high-volume subscription businesses such as SaaS, media, e-commerce, & consumer services. Its products drive automated customer success, preventing both voluntary & involuntary churn related to these subscriptions. With embeddable cancellation flows, advanced failed payment recovery, AI-driven feedback analysis, and personalized reactivation campaigns, Churnkey helps its customers improve retention while maintaining a user-friendly, self-service user experience.
Funding Details
Company: Churnkey, Inc.
Raised: $1.5M
Round: Unknown
Funding Month: April 2024
Investors: CreativeCo
Company Website: https://churnkey.co/
Software Category: Retention Solutions
Source: https://www.prnewswire.com/news-releases/churnkey-raises-1-5m-in-growth-equity-to-further-accelerate-its-retention-automation-platform-for-high-volume-subscription-companies-302127677.html