Total amount raised
$6.5 Millions
Latest funding date
October, 2022
Location
Zenskar has successfully raised funding over multiple rounds, attracting notable investors such as Converge and Alumni Ventures. The platform specializes in automating billing and revenue recognition for SaaS companies with subscription or usage-based pricing models.
Keep reading to explore the intricacies of Zenskar's fundraising journey and the investors backing this innovative platform.
What Is Zenskar?
Zenskar, founded in March 2022, is based in New York, New York. The company was established by Apurv Bansal, Rakshit Kumar, and Saurabh Agrawal. With a team of 11-50 employees, Zenskar specializes in developing billing and pricing infrastructure for SaaS companies that offer usage-based pricing.
How Much Funding Has Zenskar Raised?
- Seed Round
- Amount Raised: $6.5M
- Date: October 2022
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and enhance their billing and pricing infrastructure for SaaS companies that offer usage-based pricing.
Total Amount Raised: $6.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm that invests in early-stage companies across various sectors. They have a long history of backing innovative startups and helping them scale.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
- Shine Capital
- Details: Shine Capital is a venture capital firm that focuses on early-stage investments. They aim to support startups with high growth potential.
- Investment Focus Areas: Early-stage technology startups
- Notable Investments: Not publicly disclosed
- Basecamp Fund
- Details: Basecamp Fund is a venture capital firm that invests in early-stage startups. They are known for their hands-on approach in helping companies grow.
- Investment Focus Areas: Early-stage startups across various sectors
- Notable Investments: Not publicly disclosed
- Converge
- Details: Converge is a venture capital firm that invests in early-stage technology companies. They focus on innovative solutions and disruptive technologies.
- Investment Focus Areas: Technology, innovative startups
- Notable Investments: Not publicly disclosed
What's Next for Zenskar?
With the recent $3.5 million seed funding, Zenskar is poised to capitalize on the growing demand for automated billing solutions in the SaaS industry. The company plans to expand its engineering team and enhance its product to cater to complex pricing models, including usage-based and subscription billing. This expansion opens doors to new markets such as telecom, transportation, IoT, and media, significantly broadening their growth potential.
As Zenskar scales, future fundraising rounds seem likely to support its ambitious plans. However, the company will need to navigate challenges such as maintaining billing accuracy and competing with established players. By addressing these hurdles, Zenskar aims to solidify its position as a leader in billing automation.
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