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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Good morning!
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.
[Funding alert] SaaS startup Chargebee becomes unicorn after raising $125M in Series G round
The round was led by Sapphire Ventures, Tiger Global, and Insight Venture Partners. The company said the funding will allow Chargebee to expand its global footprint and further add to its partnership network.
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$125 million in series G funding, co-led by new investor
Sapphire Ventures and existing investors
Tiger Global and
Steadview Capital.
The company said
the new round of funding will allow Chargebee to expand its global footprint and further add to its partnership network. Chargebee is now valued at $1.4 billion, which triples its valuation in less than six months.