Tallinn-based Creem, a billing and monetisation platform targeting AI-native software companies, has raised €5 million in seed funding, the company announced.
The round was led by Polish venture capital fund Inovo VC, with participation from existing investors Practica Capital and Antler. Angel investors include Markus Villig, founder of Bolt; Timmu Tõke and Kaspar Tiri, co-founders of Ready Player Me; Adam Jafer of Voi; and Fryd Wiatrowski of Viktor.com.
The investment brings Creem’s total funding to €7 million, with several investors from the new round having also participated in its pre-seed financing in 2025. The company’s website confirms the €7 million total and lists Inovo VC, Practica Capital and Antler among its backers.
Creem says it has more than doubled its annual revenue since the previous round, surpassing €2 million in annual recurring revenue (ARR).
From building software faster to monetising it faster
Creem is targeting a problem emerging alongside the adoption of AI development tools: while increasingly small teams can build and launch software quickly, setting up the infrastructure required to monetise it globally can still involve multiple services and integrations.
The company combines payments and billing with tax compliance, payouts and other revenue operations. As a merchant of record, Creem acts as the legal seller in transactions and handles payment processing, tax collection and remittance, invoicing, fraud and chargebacks.
Its next iteration, Creem 2.0, aims to extend that infrastructure further. The platform will cover affiliate management, revenue splits, conversion analytics, marketing channel tracking and abandoned cart recovery.
It will also support software pricing models including usage-based pricing, credit wallets, seat-based subscriptions and prepaid credits.
A central part of Creem’s approach is making the infrastructure accessible not only to people but also to AI agents. According to the company, an agent will be able to set up a store’s billing from a prompt and subsequently monitor and optimise its products and monetisation.
“A lot of startups are racing to build agent workflows or agentic payments. We went the other way,” says Gabriel Ferraz, co-founder and CEO of Creem. “Creem lets founders bring whatever agents they want and put them to work running and optimising their store, so revenue can grow without growing headcount.”
Betting on smaller teams building bigger companies
Creem’s thesis is built around the emergence of increasingly lean software companies where small engineering teams use AI tools and agents to perform work that previously required larger organisations.
The startup itself is currently a 16-person team headquartered in Tallinn, according to its website.
The shift is also central to Inovo VC’s investment thesis for the company.
“Over the last year or two we've started meeting a new kind of company: five or ten engineers building businesses worth tens, sometimes hundreds of millions, a scale that used to require a whole org chart. But the operational side hasn't caught up,” says Dawid Sugier, Principal at Inovo VC.
Sugier points to accounting, tax and other operational processes as areas where these teams continue to spend significant time, particularly when adopting non-standard structures such as revenue-sharing models.
Creem fits within Inovo VC’s broader focus on early-stage companies connected to Central and Eastern Europe. The Warsaw-based investor primarily backs companies at pre-seed and seed stage across CEE and its diaspora.
Creem 2.0 and the next stage of expansion
Creem was founded by Gabriel Ferraz and Alec Erasmus, both former Google and Adyen employees, with backgrounds spanning payments, embedded finance and crypto.
Over the next 12 to 18 months, Creem plans to use the new capital to expand Creem 2.0 across three main areas: agent-operated billing and monetisation; growth and revenue tools such as affiliates, analytics and marketing tracking; and global compliance and payouts across both fiat and stablecoin rails.
The broader ambition is to become the financial and revenue infrastructure for a new generation of software companies built around small teams working alongside AI agents.
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