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July 25, 2023

Cello Secures €3.1 Million Investment to Propel SaaS Growth

Cello is reshaping the SaaS landscape with its innovative referral platform

Cello, the innovative platform facilitating SaaS product referrals, has successfully raised an impressive €3.1 million in a preempted Seed round, spearheaded by HV Capital and featuring angel investment from prominent figures like Alison Pickens, Phil Chambers, Julius Göllner, and Patrick Andrae. Cello's unique approach empowers SaaS businesses to capitalize on word-of-mouth marketing, becoming a potent acquisition channel. With this new funding injection, the company is gearing up to bolster its engineering capabilities and expand its reach across Europe and the US.

Cello's disruptive model operates as a referral vehicle for SaaS products, providing businesses an unparalleled opportunity to harness the power of word-of-mouth marketing. As the twin trends of product-led growth (PLG) and community gain traction, B2B enterprises are seeking near-$0 CAC (Customer Acquisition Cost) channels to drive efficient expansion. With Cello, companies can effortlessly integrate a new, ROI-positive, and scalable channel in a matter of hours, significantly improving key metrics like payback period, LTV:CAC ratio, and capital efficiency.

Already making waves in the market, Cello has garnered an impressive list of clients, including renowned names like Personio, Superside, sevDesk, and tl;dv. Their success stories exemplify the platform's ability to bolster businesses by amplifying their growth through effective referral strategies.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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