Ordway, a Washington, DC-based billing and revenue automation platform for scaling companies, raised $10m in Series A funding.
The round was led by CRV with participation from Clocktower Ventures and existing investors Lerer Hippeau and Revolution’s Rise of the Rest Seed Fund.
Led by Sameer Gulati, Ordway provides a platform enables organizations to automate the lifecycle of a contract post sales without implementation services or customization. With Ordway, organizations can design a system that bridges sales-to-finance workflows, from CRM to general ledger, by managing recurring subscriptions, contract details, pricing transactions, invoicing customers, collecting payments, and recognizing revenue.
Since its founding, the platform has grown to serve companies in the software development, logistics, finance, point of sale (POS), real estate, advertising, advocacy, and healthcare industries including companies like Ocrolus, Dispatch, BAO Systems, CircleCI, Springboard Retail, and Klara.