Chargebee, which is a leading and fully-featured subscription management platform, has now secured a $14 Million I the funding round of Series D, led by the SteadView Capital. The new funding brings with the total funds secured to date to $38.2 million.
It is one of the fast-growing SaaS businesses are now investing in streamlining revenue operations to identify leakage and capture opportunities across their cycle revenue. It aims to enable these businesses with a powerful subscription infrastructure that lets them scale their business process as they keep on growing.
“Enterprises and rising startups recognize the value of subscription businesses. Unlike transactional revenue models, subscriptions require companies to evaluate longer-term metrics and redefine KPIs for success.”Krish Subramanian, Co-founder, and CEO of Chargebee
The current funding round was led by the SteadView Capital, with the participation from some of the existing investors which include the Accel Partners and Insights Venture Partners, and also suggests that Chargebee aspirations become the dominant subscription platform for growing European SaaS market.
“High-growth subscription businesses need the right kind of infrastructure that enables a rapid scale. Over the next few years, we believe robust subscription management platforms will become an essential layer in business tech stacks. We are very excited to partner with Chargebee in this space.”Ravi Mehta, Founder, and Managing Director, Steadview Capital