Global PayTech Ventures invests €4m in Subaio
Danish subscription management service provider Subaio has secured €4m in a series-A round from former MasterCard President Javier Perez’s Miami-based VC firm, Global PayTech Ventures.
The deal is Global PayTech’s first investment and will help Subaio expand into new European markets, scale-up the staff by 100% over the next 12-24 months and develop new features for its software.
Company
Founded in 2016 and based in Ålborg, Subaio is a subscription management service provider that helps customers cancel paid subscriptions with a click of a button. It has fewer than 50 staff, according to LinkedIn.
People
Subaio - Thomas Laursen (founder, CEO).
GPT - Javier Perez (managing partner).
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