FADEL Acquires Series B Financing
Enterprise rights and royalty management software startup FADEL completed a Series B venture funding round led by Middle East Venture Partners and joined by Kafalat iSME and B&Y Venture Partners.
FADEL’s solution portfolio includes a marketing cloud technology, Rights Cloud™, which strives to provide content usage risk mitigation and go-to-market acceleration for global, omnichannel marketing campaigns. The company’s IPM Suite™ is designed to help major licensing and publishing companies monetize their intellectual property and streamline royalty processing.
The company plans to use the funding to expand its partner ecosystem across North America and Europe, provide continued R&D for its products, and add deployment support for Amazon Web Services and other cloud hosting platforms.