software as a service

software as a service

Photo by Israel Andrade on Unsplash

Santa Monica-based software engineering startup LinearB has raised $50 million in Series B funding led by San Francisco’s Tribe Capital, the company announced Monday.

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Software as a service (SaaS) companies face a constant problem. They need money upfront to fund operations but their customers want to pay monthly. That means SaaS companies have to either provide discounts upwards of 40% for upfront payments or raise more capital, which hurts existing shareholders.

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