SANTA BARBARA, Calif., May 5 — LLR Partners today announced a strategic investment in FastSpring, an all-in-one digital commerce platform offering payment, subscription and tax management for AI, SaaS, gaming, software and digital product companies. LLR Partners joins Accel-KKR as a financial backer of FastSpring.
As a merchant-of-record, FastSpring’s enterprise-grade platform enables customers of all sizes to scale globally by handling the operational complexity of managing international tax and compliance at scale.
“FastSpring’s mission is to help technology companies grow without the friction and risk of managing complex global payments, tax and compliance requirements on their own,” said David Nachman, CEO of FastSpring. “With this investment, we’ll continue to enhance the capabilities our customers rely on to scale globally. We’re excited to grow FastSpring alongside experienced partners who share our vision.”
“We see a unique opportunity to back one of the most experienced and capable teams within the ecommerce enablement category. Global commerce is shifting rapidly, and we believe David and the team have done a great job positioning the Company to help capitalize on these trends. In partnership with FastSpring and Accel-KKR, we plan to accelerate product innovation, expand go-to-market capabilities and invest in strategic initiatives that deliver meaningful value to customers,” said Devon Bembery, Vice President at LLR Partners.
“FastSpring has built a strong foundation as a leading digital commerce platform, and we’re proud of the progress the team has made,” said Andy Rich, Managing Director at Accel-KKR. “We’re excited to partner with LLR Partners on this next phase, combining our strengths to support continued innovation and help accelerate FastSpring’s long-term growth.”
David Reuter, Partner at LLR Partners, added, “We look forward to working with Accel-KKR, David and the entire FastSpring team. Together, we’ll continue to help support the Company’s next phase of growth.”
