The software-as-a-service (SaaS) model is increasing in popularity, as more and more tools are moving to this mode of operation. This can cause serious challenges to management however Torii is working towards providing an answer. Torii was able to secure $10 million from the Series A round of funding which was which was led by Wing Venture Capital and other existing investors. This article will give details about the business and the recent round of funding.
What exactly is Torii?
Torii is an software business which provides a platform that can aid in the management of SaaS subscriptions. It was founded on the 17th of January in 2017, with the help of Aaron Jacobson and Justin Miller. They met when they were working for an SaaS startup and experienced firsthand the struggles managing several SaaS subscriptions.
Torii’s platform lets users monitor their spending, locate discounts and also cancel unnecessary subscriptions. The platform is currently compatible with more than 200 popular SaaS products. This company raised $15 million in capital, including the latest round an investment of $10 million in Series A.
What exactly is Wing Venture Capital?
Wing Venture Capital is a venture capital firm that concentrates on investments in the early stages of. The firm was established in the year 2013 with Gaurav Garg Peter Wagner, and Rahul Mehta. Wing Venture Capital has invested in numerous notable companies, such as AppDirect, BigCommerce, and Hootsuite.
The company’s goal is “back the founders of famous businesses.” Wing Venture Capital has raised $1.2 billion from two funds. The portfolio companies of the firm have a market capitalization of more than $30 billion.
This is the Series A funding round. Information
The Series A financing round was led by Wing Venture Capital, with the participation of other investors. This round increases the total of the company’s fundraising at $15 million. In connection with the deal, Wing Venture Capital partner Jake Flomenberg will be joining the company’s board.
The money will be used to expand Torii’s workforce and extend its platform. Torii intends to make use of the money to double its engineering team as well as extend its platform to accommodate further SaaS products.
What’s the Future in Store for Torii?
The future is bright for Torii. The company just made an investment of significant size, which will enable it to increase the size of its staff and expand its platform. With the continuing expansion of the SaaS model, Torii is well-positioned to assist businesses in managing the ever-growing amount of subscriptions.
Conclusion
Torii is an software business which is working on solutions to the problems that are posed by the increasing popularization that is SaaS. SaaS model. Torii has raised $10 million in a Series-A funding round led by Wing Venture Capital. The funds will be used to expand the team of the company and to increase its reach.
Related FAQs
1. What exactly is Torii?
Torii is an software company that offers an online platform that helps handle SaaS subscriptions.
2. What exactly is Wing Venture Capital?
Wing Venture Capital is a venture capital firm that concentrates on investments in the early stages of their development.
3. How do I know the Series A funding round?
The Series A financing round is the initial round of capital for an entrepreneur.
4. How much did Torii get in the Series A of its financing?
Torii raised $10 million during its Series A financing round.
5. How will the funds be employed?
The money is used to increase the team of the company as well as extend its platform.
6. What is torii 10m series wing capitalmillertechcrunch?
Torii is a company in the field of software which have raised the sum of $10 million from an investment round in Series A that was led by Wing Venture Capital.
7. About saas 10m series wing capitalmillertechcrunch.
Torii Software is an software firm which is a software company that has raised $10m through the Series A round of funding which was led by Wing Venture Capital. Torii provides an application that can help you to manage SaaS subscriptions.
8. What is torii series wing venture capitalmillertechcrunch?
Torii Software is an software firm which is a software company that has raised $10m from an investment round in Series A that was led by Wing Venture Capital. Torii provides an application that can help you to manage SaaS subscriptions.
