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Churnkey raises $1.5M in growth equity funding led by CreativeCo to hire key executives and expand market share.

Apr 25, 2024over 1 year ago

Amount Raised

$1.5 Million

Round Type

seed

CharlestonSoftware

Investors

Creative Co

Description

Churnkey, a provider of subscription retention automation software, raised $1.5M in growth equity funding. Charlotte-based CreativeCo made the investment, and the company plans to use the funds to hire key executives, expand its market share, and continue its innovation pace.

Company Information

Company

Churnkey

Location

Charleston, South Carolina, United States

About

Churnkey is a provider of subscription retention automation software based in Charleston, South Carolina. They offer a platform that provides a wide range of retention products and introduce tools to manage cancel flows, execute reactivation campaigns, and optimize retention efforts at every stage of the customer journey.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers