Mexican startup Kunzapp, an enterprise software management solution, secured $750,000 in investment, marking the largest amount raised since Platanus Ventures, the Chilean Accelerator & VC fund, began hosting Demo Days in 2020. Fen Ventures, Daedalus, and Platanus itself participated in the round.
With this capital, Kunzapp plans to develop new features for its platform and grow its customer base. Kunzapp has over 20 clients who use the platform to manage software subscriptions and cancel them when an employee leaves.
Kunzapp was co-founded by Laura del Castillo, Francisco Abarca, and Alfonso Brown, all of whom had previously worked at startups or large technology companies such as Airbnb, Mercado Libre, or Rappi.
“Kunzapp’s idea was born after I realized one of my CRM accounts at Airbnb hadn’t been deactivated after I left the company. When I told this story to Francisco, with whom I was working back then at Chipax, we thought: how come there is no solution for facilitating software subscription management? And here we are some months later, we built it,” explained Laura.
With 22% month-over-month growth, the company plans to reach $1 million in annual recurring revenue within the next 14 months.
Source: DFMAS