LLR Partners has announced a strategic investment in FastSpring, an all-in-one digital commerce platform that provides payment, subscription, and tax management services for AI, SaaS, gaming, software, and digital product companies. LLR Partners now joins Accel-KKR as a financial backer of FastSpring.
As a merchant-of-record, FastSpring’s enterprise-grade platform supports customers in scaling globally by managing the operational complexities of international tax and compliance.
David Nachman, CEO of FastSpring, stated, “FastSpring’s mission is to help technology companies grow without the friction and risk of managing complex global payments, tax and compliance requirements on their own.” He added that the investment will allow the company to continue enhancing the capabilities customers use to scale globally and that FastSpring is “excited to grow FastSpring alongside experienced partners who share our vision.”
Devon Bembery, Vice President at LLR Partners, commented on the investment, stating, “We see a unique opportunity to back one of the most experienced and capable teams within the ecommerce enablement category. Global commerce is shifting rapidly, and we believe David and the team have done a great job positioning the Company to help capitalize on these trends.” Bembery also noted that in partnership with FastSpring and Accel-KKR, LLR Partners plans to “accelerate product innovation, expand go-to-market capabilities and invest in strategic initiatives that deliver meaningful value to customers.”
Andy Rich, Managing Director at Accel-KKR, recognized FastSpring’s establishment as a leading digital commerce platform. Rich expressed pride in the team’s progress and excitement to partner with LLR Partners on this next phase, aiming to combine strengths to support continued innovation and accelerate FastSpring’s long-term growth.
David Reuter, Partner at LLR Partners, reiterated the firm’s commitment, stating, “We look forward to working with Accel-KKR, David and the entire FastSpring team. Together, we’ll continue to help support the Company’s next phase of growth.”
FastSpring, founded in 2005, is a privately owned company headquartered in Santa Barbara, California, with additional offices in Amsterdam, Austin, Belfast, Dublin, Halifax, and Singapore. The company focuses on enabling AI, SaaS, gaming, software, and digital product companies to sell online globally.
LLR Partners is a lower middle market private equity firm that invests in software and tech-enabled companies. The firm has raised over $7.5 billion and partnered with over 130 companies.
Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. Headquartered in Menlo Park, California, the firm also has offices in London, Atlanta, and Chicago. Accel-KKR partners with management teams of software and tech-enabled businesses to build long-term value and drive sustainable growth.
