UserHub, a New York-based user-based billing platform tailored for B2B SaaS, has secured $3.2 million in pre-seed funding.
Investors
The round was led by 468 Capital, with participation from notable investors including Plaid founder Zach Perret’s Mischief Capital, Tokyo Black, GTMfund, Lorimer Ventures, Nomad Cap, and Alumni Ventures.
468 Capital is a venture capital firm focused on supporting entrepreneurs with global ambitions. Founded in 2020, the firm invests in category-defining businesses. With offices in Berlin and San Francisco, 468 Capital provides strategic and financial support to entrepreneurs looking to grow their businesses internationally.
UserHub Use of Funds
The company will use the funding to expand its engineering team, accelerate product development, and grow its customer base.
About UserHub
Founded by Patrick Rafferty and Silas Sewell, UserHub is a company that provides a user monetization platform for subscription SaaS, offering licensing, seat upsell, billing, and plan upgrades all-in-one solution. The platform includes embeddable self-service interfaces designed to seamlessly integrate with a SaaS vendor's core product, enabling easy management of team members, plan upgrades, and license management. It targets application-layer SaaS businesses whose customers may progress from entry-level tiers to enterprise-level tiers.
Funding Details
Company: UserHub, Inc.
Raised: $3.2M
Round: Pre-Seed Round
Funding Month: April 2024
Lead Investors: 468 Capital
Additional Investors: Plaid founder Zach Perret’s Mischief Capital, Tokyo Black, GTMfund, Lorimer Ventures, Nomad Cap, Alumni Ventures
Company Website: https://userhub.com/
Software Category: Monetization
Source: https://userhub.com/blog/userhub-secures-3.2-Million-in-pre-seed-funding-to-help-saas-startups-monetize