Companies · Developer Tools

RevenueCat, Inc.Summer 2018Active

San Francisco · CA, USA; Remote · Developer Tools · refined from filed group “Other · founded 2018 · https://www.revenuecat.com/

Diligence memoA one-page analyst read on RevenueCat, Inc. — recommendation, valuation, rhythm, risks.
$53.9M
Total raised · real
3
Rounds
2.3×
Latest step-up
Top 1%
Sector rank · raised
Series B
Latest stage · inferred · Fri Apr 23 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

RevenueCat, Inc. has raised $54M over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the devtools sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 5.2 yr ago; this sector typically re-raises about every 16 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Developer Tools

RevenueCat, Inc. is one of 52 Developer Tools companies tracked from San Francisco, CA, USA; Remote, on record since 2018. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

A simple API for managing in-app subscriptions

RevenueCat is a mobile SDK and API for managing in-app subscriptions We take the sting out of supporting the complicated subscription systems of the App Store and Google Play Store, and help you focus on running your business.

Developer ToolsSubscriptionsdevtools
Find RevenueCat, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
12
Investors (latest)
2018
Year incorporated
2021-04-23
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeed · 2018-08-16 Raised $1.5M (real) Modeled valuation $62M (est)$1.5M$62MSeed2018Series B · 2020-07-24 Raised $16M (real) Modeled valuation $560M (est)$16M$560MSeries B2020Series B · 2021-04-23 Raised $37M (real) Modeled valuation $985M (est)$37M$985MSeries B2021+$16M+$37MCumulative $54M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.5M · 2018
Series B$15.7M · 2020no Series A on file
Series B extension$36.7M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$984.9M
Base estimate est.
$91.7M
Conservative case
$3.2B
Upside case
$203.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the devtools sector profile. Directional, not a quoted figure.

Seed · modeled $62.2M · 2018-08-162018Series B · modeled $559.6M · 2020-07-24Series B · modeled $984.9M · 2021-04-232021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.46×/yr
Annual markup
1.77×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
devtools
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$20.1M/yr
Capital velocity
7.9 yr
On record since
2018
First round
3
Rounds on file
How it compares to the market

Benchmarked against 52 companies in Developer Tools. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 6.4× above median
This company$53.9M
Sector median$8.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.9× above median
This company$36.7M
Sector median$19.4M
Modeled value — vs sector median (estimate, all stages) 10× above median
This company$984.9M
Sector median$95.8M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.5M2018-08-16$7.6M$62.2M90%
Series B$15.7M2020-07-24$87.2M$559.6M90%
Series B$36.7M2021-04-23$203.7M$984.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.5M2018-08-16
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
  2. Series B$15.7M2020-07-24
    • Raised 23 mo later, in step with the ~16 mo sector norm.
    • Round 10.3× larger than the prior — scaling up.
    • 16 investors on this round.
  3. Series B$36.7M2021-04-23
    • Came back fast: 9 mo vs the ~16 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 12 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~16mo cadence
$85.6M
Modeled next size est.range $55.6M$137.0M
2.3×
Last step-up
$20.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Anu Hariharan4 other2021-04
Jacob Eiting2018-08
Mark Fiorentino2020-07
Miguel Carranza2020-07
Registry & provenance

RevenueCat, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1754807
SEC CIK
2018
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Dagger, Inc.Developer ToolsSeries B$30.4M$396.4Msame sector · same stage
Infracost IncDeveloper ToolsSeries B$18.8M$105.2Msame sector · same stage
Telmai, Inc.Developer ToolsSeries A$8.5M$82.9Msame sector
Urban SDK, Inc.Developer ToolsSeries A$5.7M$5.8Msame sector
Dyte inc.Developer ToolsSeed$3.7M$95.8Msame sector
Groww, Inc.Other TechnologySeries D+$250.0M$5.7Bnetwork1 shared operator
Sturdy Devtools Inc.Developer ToolsSeed$1.6M$45.9Msame sector
Snapdocs, Inc.SaaS / SoftwareSeries D+$265.0M$4.3Bnetwork1 shared operator
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Cakework
API that adds cloud hosting to any developer platform
Developer Tools74%
Urban SDK, Inc.Developer ToolsSeries A$5.8M73%
Avalanche
Referral program SDK for startups
Developer Tools73%
Revenue Analytics, Inc.Software / TechSeries A$305.1M73%
onetool
App-Store for SaaS: one invoice, one user management, one login.
SaaS / Software73%
RevenueBase, Inc.Other TechnologySeries A$2.1M72%
Blitzllama
A platform to collect and analyze in-product user feedback
Developer Tools72%
Bouncer
SDK for scanning and verifying credit cards and photo IDs in mobile…
Developer Tools72%
Frequently asked
How much funding has RevenueCat, Inc. raised?
RevenueCat, Inc. has raised approximately $53.9M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is RevenueCat, Inc.'s estimated valuation?
Provath's modeled valuation for RevenueCat, Inc. is approximately $984.9M (modeled range $91.7M–$3.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is RevenueCat, Inc. at?
RevenueCat, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Apr 23.
What does RevenueCat, Inc. do and where is it based?
RevenueCat, Inc. operates in the Developer Tools sector, based in San Francisco, CA, USA; Remote. A simple API for managing in-app subscriptions
Explore related

See where RevenueCat, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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