Chargebee, a Chennai, India-based subscription billing and revenue management platform, raised $250 million in its Series H round at a valuation of $3.5 billion. The company has raised $470 million to date.
The round was co-led by Tiger Global and Sequoia Capital, with participation from Insight Partners, Sapphire, and Steadview Capital.
Chargebee plans to use the fresh funds for product innovation and global expansion as well as strategic corporate growth initiatives.
Company: Chargebee, Inc.
Round: Series H
Funding Month: February 2022
Lead Investors: Tiger Global and Sequoia Capital
Additional Investors: Insight Partners, Sapphire, and Steadview Capital
Company Website: https://www.chargebee.com/
Software Category: subscription billing and revenue management platform
About the Company: Founded in 2011 by Subramanian, Saravanan KP, Rajaraman Santhanam, and Thiyagarajan T, Chargebee manages revenue operations for subscription-based businesses for startups and larger enterprises. Chargebee is the subscription billing and revenue management platform, the company enables SaaS, e-commerce, and subscription-based businesses to manage and grow their revenue by automating subscriptions, billing, invoicing, payments processes and it also provides key reports, metrics, and insights into their subscription business. Its subscribers include Freshworks, Calendly, and Doodle.