Fabacus, a London, UK-based technology business that provides licensing data SaaS platform, raised £4.5 million in funding.
The round was led by Wealth Club, with participation from Tom Singh OBE, Seneca Partners, Inovia, and Mitch Foreman.
With this funding, Fabacus will strengthen its team and balance sheet, enabling the company to grow more quickly.
Fabacus CEO and founder Andrew Xeni said, “Thank you to Wealth Club and all the investors who participated, we are now set and secure for this exciting next phase. The team at Wealth Club have been amazing, consistently demonstrating incredible professionalism and efficiency throughout the entire process. They successfully raised over £2.35m for us in under 8 weeks following a seamless and thorough due diligence process, delivered through two tranches, after the overperformance of the initial raise where they smashed the targets.”
Fabacus has spent the last three years aligning the licensing industry on better practice and smarter collaboration, with an architecture built to enable all stakeholders to benefit from economies of scale.
It has built a data intelligence platform, Xelacore, that bridges the flow of licensed product sales reporting information and the data flow between licensor, licensee, and end-user.
Company: Fabacus Services Limited
Raised: £4.5M
Round: Unknown
Funding Month: February 2023
Lead Investors: Wealth Club
Additional Investors: Tom Singh OBE, Seneca Partners, Inovia, and Mitch Foreman
Company Website: https://fabacus.com/
Software Category: Brand Licensing
About the Company: Founded in 2016 by Andrew Xeni, Fabacus is a global technology business that provides a Software as a service (SaaS) global licensing platform. The company offers business insights software, supporting process and data management for manufacturing, retail, and hospitality companies. Its products include Xelacore, which digitally transforms businesses within the licensing and retail industries through data. The company is on a mission to transform brand licensing through the power of data.
Source: https://fintech.global/2023/02/21/fabacus-secures-4-5m-from-wealthclub-led-investment/