Point Nine leads ChartMogul seed round

Point Nine stated it had followed founder Nick Franklin's activities at former Danish start-up Zendesk and was interested in his latest business venture. The VC had initially seed-funded Zendesk following its inception in 2007. Point Nine also sees software-as-a-service (SaaS) as a growing market and has already invested in 20 SaaS companies.

According to the VC's website, it usually invests between €100,000-500,000 in start-up companies and can invest up to €1.5m in later rounds.

Business angel Michael Hansen previously hired Franklin at Zendesk.

Company
Founded by Nick Franklin in November 2014, Berlin-based ChartMogul measures subscription revenue, conducting analytics for payment platforms Stripe, Braintree, Chargify and Recurly. Companies including CodeGuard, Hopster and Typeform use the service.

People
Christoph Janz and Pawel Chudzinski are managing partners at Point Nine Capital.

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