Total amount raised
$468.2 Millions
Latest funding date
Location
Title
Chargebee has successfully raised significant funding over multiple rounds, attracting notable investors such as Peak XV Partners and Insight Partners. The platform specializes in revenue growth management, offering a comprehensive suite of tools for subscription businesses.
Keep reading to explore the intricacies of Chargebee's fundraising journey and the investors backing this innovative platform.
What Is Chargebee?
Chargebee, founded on June 15, 2011, is a revenue growth management platform based in San Francisco, California. The company specializes in subscription and recurring billing systems for SaaS and eCommerce businesses, offering a seamless and flexible billing experience.
The platform was co-founded by KP Saravanan, Krish Subramanian, Rajaraman Santhanam, and Thiyagarajan Thiyagu. Chargebee has grown significantly since its inception, now employing between 1001-5000 people.
Chargebee's comprehensive suite of tools helps businesses manage customer subscriptions, automate billing, and ensure compliance with best practices. The platform supports various billing use-cases, making it a trusted partner for subscription-based businesses globally.
How Much Funding Has Chargebee Raised?
- Angel Round
- Amount Raised: $370K
- Date: October 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and validate the business model.
- Series A
- Amount Raised: $800K
- Date: January 2014
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the customer base.
- Series B
- Amount Raised: $5M
- Date: March 2015
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and accelerate market penetration.
- Series C
- Amount Raised: $18M
- Date: March 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Series D
- Amount Raised: $14M
- Date: August 2019
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance the platform's capabilities.
- Series F
- Amount Raised: $55M
- Date: October 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enter new markets.
- Series G
- Amount Raised: $125M
- Date: April 2021
- Lead Investors: Insight Partners, Sapphire Ventures, Tiger Global Management
- Valuation at Round: $1.4 billion
- Motivation Behind the Round: To scale the business and enhance product innovation.
- Series H
- Amount Raised: $250M
- Date: February 2022
- Lead Investors: Peak XV Partners, Tiger Global Management
- Valuation at Round: $3.5 billion
- Motivation Behind the Round: To drive product innovation, global expansion, and strategic growth initiatives.
Total Amount Raised: $467.17M
Current Valuation: $3.5 billion
Key Investors
- Peak XV Partners
- Details: Formerly known as Sequoia India, Peak XV Partners is a venture capital firm that invests in various stages of a company's lifecycle. They have a strong presence in the Indian and Southeast Asian markets.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Byju's, OYO, Zomato.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology, software, and internet businesses. They have a portfolio of over 400 companies worldwide.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They have a significant presence in both early and growth-stage investments.
- Investment Focus Areas: Technology, software, consumer, financial services.
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. They focus on helping companies scale and achieve long-term success.
- Investment Focus Areas: Enterprise technology, financial technology, healthcare.
- Notable Investments: LinkedIn, Box, Square.
- Steadview Capital
- Details: Steadview Capital is an investment firm that focuses on long-term investments in public and private companies across various sectors. They have a strong track record in the Indian market.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Flipkart, Ola, Nykaa.
What's Next for Chargebee?
Chargebee stands at the cusp of significant opportunities, driven by the booming subscription economy, which is projected to reach $1.5 trillion by 2025. The company plans to leverage its recent $250 million funding to innovate its product offerings, expand globally, and pursue strategic growth initiatives. This expansion is poised to solidify Chargebee's position as a leader in subscription management, catering to a diverse range of businesses from startups to large enterprises.
Future fundraising opportunities appear promising, given the substantial market potential and Chargebee's impressive valuation of $3.5 billion. However, the company may face challenges such as managing the complexities of global expansion, staying ahead of evolving subscription models, and integrating new acquisitions seamlessly. Despite these hurdles, Chargebee's strategic focus on innovation and growth positions it well for continued success in the dynamic subscription economy.
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