The software-as-a-service (SaaS) model is increasing in popularity, as more and more tools are moving to this mode of operation. This shift can pose significant challenges for management, but Torii is working to provide a solution. The company has raised $10 million in a Series A funding round, led by Wing Venture Capital and other existing investors. This article will provide an overview of the company and its recent funding round.
What is Torii?
Torii is a software company that provides a platform to help manage SaaS subscriptions. The company was founded in 2017 by Aaron Jacobson and Justin Miller. The two entrepreneurs met while working at a SaaS startup, where they experienced firsthand the difficulties of managing multiple SaaS subscriptions.
Torii’s platform helps users track their spending, find discounts, and cancel unwanted subscriptions. The platform currently supports over 200 popular SaaS products. The company has raised a total of $15 million in funding, with the most recent round being a $10 million Series A.
What is Wing Venture Capital?
Wing Venture Capital is a venture capital firm that focuses on early-stage investments. The firm was founded in 2013 by Gaurav Garg, Peter Wagner, and Rahul Mehta. Wing Venture Capital has invested in a number of notable companies, including AppDirect, BigCommerce, and Hootsuite.
The firm’s mission is to “back the builders of iconic companies.” Wing Venture Capital has raised a total of $1.2 billion across two funds. The firm’s portfolio companies have a combined market cap of over $30 billion.
Series A Funding Round Details
The $10 million Series A funding round was led by Wing Venture Capital, with participation from other existing investors. The round brings the company’s total fundraising to $15 million. As part of the deal, Wing Venture Capital partner Jake Flomenberg will be joining the company board.
The funding will be used to grow the company’s team and expand its platform. Torii plans to use the new funding to double its engineering team and expand its platform to support more SaaS products.
What Does the Future Hold for Torii?
The future looks bright for Torii. The company has just secured a major investment, which will allow it to expand its team and platform. With the continued growth of the SaaS model, Torii is well-positioned to help businesses manage their ever-growing list of subscriptions.
Conclusion
Torii is a software company that is working to provide a solution for the challenges posed by the growing popularity of the SaaS model. The company has raised $10 million in a Series A funding round, led by Wing Venture Capital. The funding will be used to grow the company’s team and expand its platform.
Related FAQs
1. What is Torii?
Torii is a software company that provides a platform to help manage SaaS subscriptions.
2. What is Wing Venture Capital?
Wing Venture Capital is a venture capital firm that focuses on early-stage investments.
3. What is the Series A funding round?
The Series A funding round is the first round of funding for a startup.
4. How much money did Torii raise in its Series A?
Torii raised $10 million in its Series A funding round.
5. How will the funding be used?
The funding will be used to grow the company’s team and expand its platform.
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Torii is a software company that has raised $10 million in a Series A funding round led by Wing Venture Capital.
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Torii is a software company that has raised $10 million in a Series A funding round led by Wing Venture Capital. The company provides a platform to help manage SaaS subscriptions.
8. What is torii series wing venture capitalmillertechcrunch?
Torii is a software company that has raised $10 million in a Series A funding round led by Wing Venture Capital. The company provides a platform to help manage SaaS subscriptions.
