ThriveCart Secures $35M Investment from LTV SaaS Growth Fund

ThriveCart, an Austin, TX-based provider of shopping cart, sales funnels and educational course creation technology, raised $35M in Investments.

The round was led by LTV SaaS Growth Fund.

The company intends to use the funds to to accelerate product roadmap, grow team and create cart experiences for digital product sales.

Led by CEO Kevin McKeand, ThriveCart is a comprehensive cart and funnel builder for small and medium businesses. The platform is specialized for creators and businesses that sell digital products such as lessons and tutorials. Platform features include profit boosters, upsell abilities, tool integrations and real-time business insights, as well as ConvertBox, an on-site engagement platform for personalized offers and lead capture forms. Used by thousands of businesses around the globe, the platform enables customers to sell digital products and solutions online. In addition to the cart and checkout solutions, ThriveCart offers course-creation tool Learn Plus and gives businesses a comprehensive set of tools that allows them to set up sales and marketing solutions. Customers can also build and manage their own affiliate programs.