Bill.com, a Palo Alto, California-based provider of integrated bill payment, online invoicing and cash management solutions for businesses, has completed a $15.5m Series D funding round.
The financing included new investor Financial Partners Fund (FPF), a unit of Citi Capital Advisors, and existing investors including DCM, Emergence Capital Partners, August Capital, Jafco Ventures and Total Technology Ventures.
The company intends to use the funding to scale operations, for product development and marketing purposes.
Led by founder and CEO René Lacerte, Bill.com is an on-demand accounts payable and accounts receivable application for businesses of all sizes and has a tailored product for accountants and bookkeepers.
FinSMEs
08/12/2011