MonetizeNow, a Santa Clara, CA-based unified CPQ and billing platform for the modern B2B SaaS enterprise, announced in November 2021 that it had raised $3 million in funding.
The round was led by Villi Iltchev and Frances Schwiep at Two Sigma Ventures, and Andy McLoughlin at Uncork Capital. Angel investors such as Jack Altman (CEO of Lattice), Abhinav Asthana (CEO of Postman), John Kodumal (CTO of LaunchDarkly), and Jason Warner (former CTO at GitHub) joined the venture.
The investment aims to support the company's mission of eliminating go-to-market friction for SaaS vendors and unlocking hyper-revenue growth across all sales channels.
MonetizeNow envisions an integrated CPQ and billing platform that serves as a system of record, a system of intelligence, and a system of collaboration.
By bringing sales, finance, and engineering teams together, MonetizeNow aims to enable seamless scalability for businesses by eliminating friction throughout the customer journey. The platform boasts a modern architecture, delivering exceptional speed and user experience.
Company: MonetizeNow, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: November 2021
Lead Investors: Villi Iltchev, Frances Schwiep, and Andy McLoughlin
Additional Investors: Jack Altman, Abhinav Asthana, John Kodumal, and Jason Warner
Company Website: https://www.monetizenow.io/
Software Category: Billing and Quoting Platform
About the Company: Founded in 2021 by Jeff Gibson and Sandeep Jain, MonetizeNow develops an integrated quoting and billing platform built for the modern SaaS enterprise. It offers solutions for quotes management, invoice processing, financial reporting management, credit management, and more, as well as payment management solutions. The company supports all sales channels (including marketplaces) and all business models (including real-time usage billing).
Source: https://www.monetizenow.io/blog/announcing-3m