Cleavr raises €8 million seed funding to scale AI-powered invoice collection across Europe
Funding Provisional 90% confidence first seen
Cleavr announced it raised a €8 million seed round from Varsity to automate late invoice collection in multiple European markets. The company said its AI-driven accounts receivable platform reduced customers’ days sales outstanding by an average of 37% within the first few weeks, and it plans to expand its sales team and product while growing to additional markets.
The deal
Deal terms as reported in the coverage below.