Chargezoom Raises $11.5 Million in Series A
Chargezoom, a Salt Lake City, Utah-based platform for AI-powered billing and integrated payments, has raised $11.5 million in Series A funding.
Chargezoom, a Salt Lake City, Utah-based platform for AI-powered billing and integrated payments, has raised $11.5 million in Series A funding.
Investors
The round was led by Kickstart Fund, with participation from new investors Motley Fool Ventures, Early Light Ventures, Frazier VC, and Adly, alongside continued support from SaaS Venture Capital, Stout Street Capital, and Okapi Venture Capital.
Founded in 2008, Kickstart Fund is a venture capital firm based in Cottonwood Heights, Utah. Their mission is to help build great companies in the Wild West by backing bold entrepreneurs with capital, community, and expertise for the journey. The firm focuses on investments in B2B, B2C, healthcare, financial services, information technology, life sciences, e-commerce, and health technology sectors based in the Mountain West and Utah regions of the United States.
Chargezoom Use of Funds
The new funding will fuel Chargezoom’s expansion and enhance its platform.
About Chargezoom
Chargezoom provides a platform for AI-powered billing and integrated payments platform that simplifies accounts receivable (AR) processes for businesses. Powered by an extensive proprietary dataset and using cutting-edge AI and machine learning, Chargezoom makes invoicing, cash flow, and customer payments seamless and autonomous.
Funding Details
Company: Chargezoom, Inc.
Raised: $11.5M
Round: Series A
Funding Date: December 2024
Lead Investor: Kickstart Fund
Additional Investors: Motley Fool Ventures, Early Light Ventures, Frazier VC, Adly, SaaS Venture Capital, Stout Street Capital, Okapi Venture Capital
Company Website: https://chargezoom.com/
Software Category: AR Automation
