Chargebee, a San Francisco, CA-based subscription billing and revenue management platform, raised $125m in series G funding.
The round, which is now valued at $1.4 billion, was co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners, along with participation from another existing investor, Steadview Capital. In conjunction with the funding, Rajeev Dham, Partner at Sapphire Ventures, joined Chargebee’s board.
The company intends to use the funds to expand its global presence and further add to its partnership network.
Led by Krish Subramanian, Co-founder and CEO, Chargebee provides a subscription billing and revenue management platform that automates revenue operations of over 3000 high-growth subscription-based businesses from startups to enterprises. Its SaaS platform helps subscription businesses across verticals – SaaS, eCommerce, e-learning, IoT, Publications etc. manage and grow their revenue by automating operations around subscriptions, billing, invoicing, payments and revenue recognition and it provides key metrics, reports and insights into their business.
Founded in 2011, the company includes businesses across 60 countries, like Okta, Freshworks, Calendly and Study.com amongst its customers.