Via News Release
“ST. PAUL, MINN. (April 18, 2016) — Reeher LLC, developers of the shared management platform that is transforming the way colleges and universities raise money, today announced that it has received $2.5 million in growth funding from SaaS Capital, the pioneer provider of Committed Credit Facilities to SaaS companies.”
“Because of its flexible structure and understanding of the software-as-a-service business model, SaaS Capital was a natural choice for Reeher,” said Andrew Reeher, founder and CEO of Reeher. “With our strong revenue growth and high retention rate, we remain focused on pioneering technology for the higher education advancement industry. And with the $2.5 million line of credit from SaaS Capital, we can continue to increase our sales and marketing presence, which will help share our innovative fundraising software with colleges and universities across the nation.”
Founded in 2006, SaaS Capital is the leading provider of alternative growth capital for SaaS companies. Their financing, which is structured as a line-of-credit tied to a SaaS company’s recurring revenue stream, leverages the unique cash flow of a SaaS business, functions as a long-term stable source of capital and potentially eliminates the need for a round of equity financing.
“SaaS Capital is thrilled to join Reeher in their next phase of growth,” said Rob Belcher, managing director of SaaS Capital. “Their solution brings badly needed simplicity, elegance and organization to the world of archaic and byzantine higher education legacy fundraising and donor database systems. The modeling and potential donor giving forecasting components drive immediate ROI to institutions implementing the service.”
Reeher is a leading developer of cutting-edge software services to improve the efficiency and effectiveness of higher education fundraising efforts. Its signature Reeher Platform provides university development leaders at institutions of all sizes with tools to track and measure effectiveness, discover new opportunities, engage constituents and improve ROI. Based in St. Paul, Minn., Reeher works with leading universities across the country, including Johns Hopkins University, Fordham University, University of New Hampshire, Saint John’s University, Duke University and more. For more information, please visit www.reeher.com, call (651) 789-1700 or email [email protected]
ABOUT SAAS CAPITAL
SaaS Capital is the premier provider of Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital’s Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.