TLDR: RevenueCat, a leading platform for consumer app monetization, has successfully raised $50 million in Series C funding, led by Bain Capital Ventures. This latest investment brings their total funding to $100 million. The company plans to utilize the capital to scale product development, make strategic hires, and expand its offerings into fintech, addressing developer cashflow issues and enhancing tools for user acquisition, conversion, and retention. RevenueCat currently supports over 50,000 apps globally, including major players like OpenAI’s ChatGPT and Notion.
San Francisco, CA – RevenueCat, the prominent platform dedicated to managing consumer app monetization, announced on May 22, 2025, the successful closure of a $50 million Series C funding round. This significant investment was spearheaded by Bain Capital Ventures (BCV), with continued participation from existing investors including Index Ventures, Y Combinator, Adjacent, Volo Ventures, and SaaStr Fund. This latest infusion of capital, combined with a prior $12 million Series C raised last year, elevates RevenueCat’s total funding to an impressive $100 million.
Founded in 2017 by Jacob Eiting and Miguel Carranza, RevenueCat has established itself as a crucial infrastructure platform for app developers, simplifying the complexities of subscriptions, in-app purchases, and billing across iOS, Android, and the web. The platform offers a unified backend solution that automates receipt validation, manages customer data, and provides essential tools for growth and optimization.
According to Jacob Eiting, CEO and co-founder of RevenueCat, ‘Developers deserve a frictionless way to make money, and nobody has approached this with our level of focus. We’re already assisting more annual app revenue than existed in the entire ecosystem when we started in 2017. The market has grown 10x, and I expect another 10x over the next decade. By staying radically focused on helping developers get paid, I believe we can build a generational public company.’
The newly acquired funds are earmarked for scaling product development and making strategic hires to meet the escalating demand across various sectors, including AI, gaming, and productivity. A key focus for RevenueCat will be its expansion into fintech, aiming to resolve developer cashflow constraints often caused by delayed app store payout cycles. The company also intends to roll out advanced features designed to assist developers with user acquisition, conversion optimization, and retention, offering a more holistic approach to managing a thriving consumer app business.
RevenueCat’s impact is substantial, processing over $8 billion in annual transactions and powering monetization for more than one-third of all new subscription apps worldwide. Its client roster includes notable applications such as OpenAI’s ChatGPT, Notion, VSCO, and Runna. The company has recently introduced innovative tools like Paywalls, Web Billing, and virtual currency support, along with the Web Paywall Button, which facilitates testing of non-in-app purchases following recent changes in U.S. iOS policy.
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Mark Fiorentino, who led RevenueCat’s Series A at Index Ventures in 2020 and recently joined Bain Capital Ventures, commented on the investment, stating, ‘RevenueCat is at a genuine inflection point.’ The company operates with a global, remote-first team spanning 18 countries, employing over 100 teammates and offering U.S. market salaries worldwide to attract top talent.
