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Unicorn season continues
SaaS startup Chargebee, which raised $125 million in Series G funding, tripling its valuation to $1.4 billion.
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Yet another startup enters the unicorn club this month. And this time, it is SaaS startup Chargebee, which raised $125 million in Series G funding, tripling its valuation to $1.4 billion.
The round was co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners, along with participation from another existing investor, Steadview Capital.
Founded in 2011 by Rajaraman Santhanam, Thiyagarajan Thiyagu, Saravanan KP (CTO), and Krish Subramaniam (CEO), the San Francisco-based startup automates complex billing and revenue operation challenges that arise as subscription businesses scale into large enterprises.