Revend, an Antwerp, Belgium-based company that provides a SaaS e-commerce tool to defend your e-commerce revenue, raised €1 million in seed funding. Revend protects risks posed against your revenue.

The round was led by Pitchdrive, with participation from Seeder Fund and business angel Pieter Casneuf.

I interviewed Peter Wellens, co-founder and CEO at Revend. Peter is a commercial engineer by trade. He’s founded several companies in the solar and social network spaces. Peter wanted to raise from a position of strength. He landed trial customers that potential investors could speak to.

The funds will be used to hire additional engineering talent and prepare for a full release to the broader market. The company also received a grant from the federal government that supports the development of AI and innovative technology.

Peter Wellen’s LinkedIn: https://www.linkedin.com/in/peterwellens/

SaaS Fundraising Story: https://www.thesaasnews.com/news/revend-raises-1-million-in-seed-round

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