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Vitt helps SaaS companies raise growth capital against their recurring revenue.
Founded in 2021 and based in London, UK, Rail Technologies, doing business as Vitt, provides SaaS companies with growth capital based on annual recurring revenue. It evaluates applications using company metrics and may offer 12 months of upfront cash at a discount to expected cash flow. In January 2022, the company raised USD 15 million in a pre-seed round from Better Tomorrow Ventures, SpeedInvest, Village Global, Entrepreneur First, and Zayn Capital.
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