Battery Ventures led a mixed growth-equity funding of greater than $150m in SaaSOptics and Chargify, two complementary, cloud-software platforms that handle billing and automate associated monetary capabilities together with funds, income recognition and analytics for software-as-a-service (SaaS) corporations.
The funding is meant to speed up progress at each corporations and permit them to additional spend money on their merchandise.
Led by Tim McCormick, CEO, SaaSOptics is an Atlanta, Ga.-based B2B subscription administration platform that makes a speciality of automating the monetary operations of SaaS corporations by streamlining the order-to-revenue course of and automating income recognition; invoicing and funds; and subscription analytics and metrics.
Led by Paul Lynch, CEO, Chargify is a San Antonio, TX-based chief in billing and subscription administration for B2B SaaS and sophisticated utilization and events-based billing, subscription administration, cost collections, and knowledge administration instruments.
Mixed, the 2 corporations serve greater than 2,000 prospects and handle greater than $10 billion in buyer annual recurring income.