(San
Francisco, CA) Chargebee or Chargebee.com, currently, has
its headquarters office in the Country of India. Additionally, it is a computer software
business. This business’s specialization
is billing technology solutions. As a
result, of its specialization, Chargebee is in high demand. The demand is best characterized by having
its billing solutions, used by more than 1,800 businesses. These more than 1,800 businesses are located
in 53 countries, and, 120 foreign currencies are used in the financial
transactions. Recently, Chargebee
announced that, it continues to think about the revenue cycle. Specifically, the aforementioned business
revealed that, it has secured $14 million USD in a Series D funding round. Overall, this business reports that it has
$38.2 million USD, in total funds. As
part of the funding round, current investors decided to double down on their
bet. The current investors who doubled
down on their bet are Insight Venture Partners and Accel. The most noteworthy new investor of
Chargebee.com is Steadview Capital.
Steadview Capital as the
most noteworthy new investor, will be contributing funds. The funds will be used for the following one
thing. The one thing is expanding the
product offerings. In reference to,
expanding the product offerings, the aforementioned begins with the ability to
scale. Second, Chargebee does plan to
develop more business partnerships.
Through the business partnerships, the product offerings, will one day
be a complete ecosystem of automated revenue operations. Finally and third, entering the European SaaS
marketplace is included, in the expansion plans. However and returning to, Chargebee or
Chargebee.com, the aforementioned was founded in the year 2011. As previously said, due to its specialization,
Chargebee is in high demand.
Coincidentally, the demand also results in popularity. Currently, Chargebee.com is a very popular
software as a service (SaaS) website.
The popularity is due to the fact that, one of its services, is the automation
of revenue operations. This service is
very appealing to high growth, subscription based businesses. Through the automation of revenue operations;
subscriptions, billing, invoicing, payments and revenue processes are
completely automated. Additionally, the
automation yields reports, metrics and insights of the subscriptions or
subscribers. Ravi Mehta is the
Founder and the Managing Partner of Steadview
Capital. Through a press statement, Mr.
Mehta said the following. “High-growth
subscription businesses need the right kind of infrastructure that enables a
rapid scale. Over the next few years, we
believe robust subscription management platforms will become an essential layer
in business tech stacks. We are very
excited to partner with Chargebee in this space.”
As previously said and
as part of the funding round, current investors decided to double down on their
bet. The current investors who doubled
down on their bet are Insight Venture Partners and Accel. Shelly Perry is a Board Member at Insight
Venture Partners. Through a press
statement, Ms./Mrs. Perry said the following.
“SaaS and subscription-based products must be customer-centric,
while also maximizing profitability at scale.
As the source of truth for subscription data, Chargebee is in a unique
position to enable businesses with both the experience and revenue
opportunities they can capture.” Shekhar
Kirani works at Accel. Through a press
statement, Mr. Kirani said the following.
“Globally, subscription-based businesses have seen aggressive growth
over the last few years. Infrastructure
platforms like Chargebee handle subscription management, billing, compliance,
and revenue recognition allowing modern businesses to focus on their core
competencies.”
To
end, Chargebee or Chargebee.com did release a press statement. Krish Subramanian is a Co-Founder and the
Chief Executive Officer of Chargebee.
Through a press statement, Mr. Subramanian said the following. “Enterprises and rising startups recognize
the value of subscription businesses.
Unlike transactional revenue models, subscriptions require companies to
evaluate longer-term metrics and redefine KPIs for success.” As previously stated, Chargebee recently
announced that, it continues to think about the revenue cycle. Specifically, the aforementioned business
revealed that, it has secured $14 million USD in a Series D funding round. Overall, this business reports that it has
$38.2 million USD, in total funds. As
part of the funding round, current investors decided to double down on their
bet. The current investors who doubled
down on their bet are Insight Venture Partners and Accel. Lastly, the most noteworthy new investor of
Chargebee.com is Steadview Capital.
###
Written from Press
Release
Registered Writer
with
PR Newswire
Association, LLC
R-Berumen28
08/31/2019
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