PwC Raise | Ventures advises Invevo on their institutional Series A round led by Basinghall

PwC Raise | Ventures team supported Invevo, a fast growth business, with deal readiness and negotiation support as they successfully secured their Series A funding from European venture fund, Basinghall.   

Invevo (formerly known as Square Marble) delivers a SaaS accounts receivables platform. The platform has proven to increase cashflow and deliver operational efficiencies through automation. Invevo was developed after the successful exit of a credit collections business in 2016 by co-founders Richard Moreton and William Holiday to help companies improve the heavily manual and inefficient order to cash process. Invevo is now widely adopted with over 15,000 users and processes around 48m transactions per month. 

The series A round led by Basinghall will be primarily used to expand further into Fortune 1000 companies helping to deliver real business metric improvements and rapid ROI.

Richard Moreton, founder and CEO of Invevo, said: 

“Our vision is to become a global cloud technology provider for accounts receivables and the investment support from Basinghall Partners gives us the necessary financial backing to not only accelerate our development road map but also bring our vision to life.”

Andrew Irvine, Founding Partner of Basinghall commented: 

“We are excited to become an investment partner for Invevo and to enable the next stage of their development”. He added: “Invevo’s product set is highly topical in the current business environment, including utilising the latest tech to drive cash flow efficiency.”

The PwC deal team was Glen Waters, Charlie Robinson and Thomas Hudson.