Gaviti, a Tel Aviv, Israel-based software-as-a-service (SaaS) platform that helps manage and collect invoices, raised $9 million in Series A funding. Gaviti has raised a total of $11.5 million.
The round was led by Flashpoint, with participation from Moneta VC, North First Ventures, TAU Ventures, and LETA Capital.
The new funds will go towards aggressive growth and expansion in North America and Europe and introducing additional FinTech solutions in Q2 and Q3 of this year.
Company: Gaviti Akyl LTD.
Raised: $9.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Flashpoint
Additional Investors: Moneta VC, North First Ventures, TAU Ventures, and LETA Capital
Company Website: https://gaviti.com/
Software Category: Accounts Receivable (AR) Software
About the Company: Gaviti is a Software-as-a-Service (SaaS) company that specializes in receivable collections acceleration, and empowers its users to get more of their invoices paid, faster. Gaviti is a platform for collections teams that enables SMEs to get more of their invoices paid faster. Gaviti's solution optimizes the complete collections process, from automating highly personalized dunning emails to perfecting task management. Gaviti automated all relevant analytics and customer interactions around collections according to default or custom workflows. The software also helps improve security, communication, and coordination between finance teams, other departments, and customers involved in late payments.
Source: https://venturebeat.com/2022/04/05/gaviti-raises-9m-for-saas-collections-automation/