Billogram, a Swedish invoicing and payment platform that offers a SaaS solution for invoice distribution, payments, and reconciliation, announced that it raised €15 million in a fresh round of funding.
The round was led by Swisscom Ventures (which invested €10M), with participation from existing investors including Partech, CNI Nordic, and Inbox Capital.
The investment will further boost the Swedish invoicing and payment platform’s growth initiatives in Europe and the DACH region specifically. Billogram will work in close partnership with Swisscom Ventures to accelerate further growth.
This strategic investment and relationship with one of Europe's leading telecom companies are seen by Billogram as an important step forward in their ongoing expansion into the European market, demonstrating that companies with recurring payments face the same challenges across the continent.
Company: Billogram AB
Funding Month: Aug 2022
Lead Investors: Swisscom Ventures
Additional Investors: Partech, CNI Nordic, and Inbox Capital
Company Website: https://billogram.com/
Software Category: Invoicing and Payment platform
About the Company: Founded in 2011 by Cesar Sangchi and Jonas Suijkerbuijk, Billogram is an intelligent platform for invoicing and payments that automates customer management, reduces churn, and boosts revenue. Billogram uses smart technology to strengthen its clients' relationships with end customers while also automating payment processes to lower costs, increase revenue, and reduce churn. Their platform improves enterprise clients' end-customer experiences in industries such as telecommunications, energy, parking, finance, and security. The company has experienced record growth in the Swedish market over the last two years and has expanded into several European markets. Billogram's headquarters are in Stockholm, Sweden, and the company employs over 150 people.