# Brightback

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brightback

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.brightback.com
- Total disclosed funding: $11M
- Latest round: Series A (Apr 23, 2019)
- Investors on record: 4

## About

Brightback, Inc. delivers innovative customer retention solutions that empower subscription-based businesses to enhance their customer experience and reduce churn through automated retention strategies.Founded in 2018 in San Francisco, US, Brightback, Inc. provides advanced tools for customer retention specifically tailored for the subscription model. The company has not reported any significant pivots or mergers. Guy Marion serves as the CEO and founder, leading Brightback with a focus on improving client retention strategies. The company secured a total funding amount of USD 2.550 mn, with its latest funding round being Series A in January 2022, led by Index Ventures, and has completed three funding deals.Brightback specializes in advanced customer retention solutions aimed at optimizing the subscription experience for businesses. Their platform features automation tools that allow companies to proactively identify and address churn risks. Integrating seamlessly with existing CRM systems, Brightback’s offerings target subscription-based companies across diverse sectors such as SaaS, e-commerce, and media to enhance customer engagement and retention rates, serving established enterprises and startups primarily in North America and Europe.Brightback's revenue model is based on subscriptions, with clients paying for access to their customer retention platform. The pricing structure is tiered according to the number of subscribers and service levels, catering to businesses of varying sizes. Their flagship services focus on improving customer retention and engagement, which are pivotal to the company’s revenue strategy and appeal to industries that rely on subscription models.Brightback plans to enhance its offerings with new product developments aimed at further improving customer retention strategies. As of January 2022, following its acquisition by ChargeBee Inc., a broader market expansion is anticipated. The company intends to leverage its recent funding to bolster its technology and outreach in the subscription management sector, targeting growth in North America and Europe.

## Funding rounds

- Series A, Apr 23, 2019, $2.5M — Index Ventures, Matrix Partners, Rembrandt Venture Partners, Point Nine
- Series A, Sep 4, 2018, $8.4M — Index Ventures, Matrix Partners, Rembrandt Venture Partners, Point Nine

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A
- Rembrandt Venture Partners (https://capitalatlas.ai/funds/rembrandt-venture-partners) — Series A
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Series A