FastSpring, an all-in-one digital commerce platform serving AI, SaaS, gaming, software, and digital product companies, has secured a strategic investment from LLR Partners. The investment joins existing backer Accel-KKR in supporting FastSpring’s continued growth and product development.
As a merchant-of-record, FastSpring’s enterprise-grade platform enables customers of all sizes to scale globally by handling international tax and compliance complexity. The company was founded in 2005 and is headquartered in Santa Barbara with offices in Amsterdam, Austin, Belfast, Dublin, Halifax and Singapore.
The new capital will be used to enhance platform capabilities, accelerate product innovation, expand go-to-market capabilities and invest in strategic initiatives. LLR Partners is a lower middle market private equity firm focused on software and tech-enabled companies that has raised over $7.5 billion and partnered with over 130 companies.
Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm partners closely with management teams of software and tech-enabled businesses to build long-term value and drive sustainable growth.
KEY QUOTES:
“FastSpring’s mission is to help technology companies grow without the friction and risk of managing complex global payments, tax and compliance requirements on their own. With this investment, we’ll continue to enhance the capabilities our customers rely on to scale globally.”
David Nachman, CEO, FastSpring
“We see a unique opportunity to back one of the most experienced and capable teams within the ecommerce enablement category. Global commerce is shifting rapidly, and we believe David and the team have done a great job positioning the Company to help capitalize on these trends.”
Devon Bembery, Vice President, LLR Partners
