Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

RevenueCat raises $50M as it expands beyond mobile app monetization | TechCrunch

May 22, 2025 - techcrunch.com
RevenueCat, a company integral to the mobile economy, is expanding its business by leveraging its software, which powers subscriptions in over 70,000 mobile apps. Following a $50 million Series C funding round led by Bain Capital, RevenueCat is now valued at $500 million. The company plans to use its deep understanding of the mobile industry to address common developer challenges, such as customer acquisition and cash flow issues, and is focusing on web-based payments following the Apple-Epic court ruling. RevenueCat is also enhancing its core offerings with tools like a drag-and-drop paywall editor and virtual currency support, while experimenting with its acquired app, Dipsea, to assess the impact of billing changes.

The company is competing with Stripe, Recurly, and Chargebee, but is specifically tailored for mobile app developers. With over 2,000 developers testing its billing service, RevenueCat is not only providing tools but also insights into the viability of adopting new technologies. Additionally, the rise of AI-driven "vibe-coded" apps is influencing RevenueCat's business, as it considers partnerships with AI-powered coding tool providers. The new funding will support product development, hiring, and potential mergers and acquisitions to accelerate growth.

Key takeaways:

  • RevenueCat is expanding its business by leveraging its position in the mobile economy, currently powering subscriptions in over 70,000 mobile apps.
  • The company raised $50 million in Series C funding, bringing its total funding to $100 million and its valuation to $500 million.
  • RevenueCat is focusing on solving broader problems for mobile developers, including customer acquisition and cash flow constraints, and is improving its web billing engine following the Apple-Epic court ruling.
  • The company is exploring the impact of AI on app development and is considering partnerships with AI-powered coding tool providers.
View Full Article

Comments (0)

Be the first to comment!