UK – Fabacus, a London, UK-based provider of a Software as a service (SaaS) global licensing platform, raised £4.5M in funding.
The round was led by Wealth Club with participation from Tom Singh OBE, Seneca Partners, Inovia, and Mitch Foreman. The company intends to use the funds to accelerate growth, expand operations and its business reach.Led by CEO and Founder Andrew Xeni, Fabacus is a technology provider with a data service designed to digitally transform the licensing industry. The company plans to create a connected world of licensing through data, facilitating deeper connectivity, visibility and trust across the value-chain, enabling decision-making to be based on a foundation of accurate master data. Its platform, Xelacore, bridges the flow of licensed product sales reporting information and the data flow between licensor, licensee and end-user. This enables new capabilities assisting with consumer engagement initiatives, as well as provides data capture and structuring to meet ESG reporting requirements. Customers include Epic Games, Ultimate Fighting Championship (UFC), Skydance Animation, Ubisoft and Activision Blizzard. Fabacus also has strategic partnerships with IMG Licensing, the world’s largest licensing agency, which manages the likes of Fiat Chrysler, Pepsi, Haribo, Volkswagen and Budweiser, Fanatics, who are leading the sports sector with clients including NBA, NFL and UEFA, and Wildbrain CPLG, agents of Peanuts and Teletubbies.21/02/2023
