Chloe Shakesby

London SaaS platform raises $6m as revenues grow by 160%

A London SaaS platform has announced that it has raised $6m in funding as it aims to boost its position in the economy.

Disciple Media, which enables online creators and entrepreneurs to build community-led businesses has raised $6m in funding.

The company, which saw recurring revenues grow by more than 160 per cent in 2020, has also now reached a milestone of 2 million members using its platform, hosting more than 500 communities across the world.

Benji Vaughan, founder and CEO, commented: “This is another milestone in our journey and it’s an exciting move for our communities to continue growing with us.

“The scale and rapid growth of the creator economy is extraordinary and today that growth is being driven by entrepreneurial creators looking to build independent businesses outside of Youtube and the social networks.

“We are super excited that we now have the capital to further invest into helping creators build extraordinary community led businesses. “

Rob Pierre, who invested in the round and is CEO of Jellyfish, said: “Following this recent investment round, I’m even more excited for the future of Disciple.

“In this ever-evolving digital world, creating and engaging with your community digitally has never been more important.

“Disciple allows you to do both of those things with a fully functional, feature rich platform which requires very little upfront capital expenditure.

“It also provides numerous options to monetise your community, but most importantly, it provides an enriched digital experience without the social media limitations. Watch this space!”

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