BillingPlatform lands $90m growth equity investment from FTV Capital
US-based enterprise revenue lifecycle management firm BillingPlatform has bagged a $90 million growth equity investment from FTV Capital.
BillingPlatform lands $90m growth equity investment
The investment will also see FTV Capital partners Kyle Griswold and Richard Liu join BillingPlatform’s board of directors.
With the new funding, the Colorado-headquartered company says it will look to “accelerate innovation, product development and go-to-market expansion” after achieving a three-year revenue growth rate of 296%.
Dennis Wall, CEO of BillingPlatform, says the partnership provides “the financial and strategic resources to continue supporting our customers, drive our ambitious growth goals and extend our leadership”.
The fresh investment follows the company’s Series B round in December 2019, when it secured a $10 million investment from venture capital firm Columbia Capital. It has now raised $104 million since its fundraising efforts first commenced in 2017.
BillingPlatform’s cloud-based billing and revenue management solution automates quote-to-cash processes for the technology, financial services, media and entertainment, logistics and communications industries.
Since being founded in 2012, the company has landed a string of notable partnerships across the financial services industry specifically, including with the treasury services and trade finance businesses of JP Morgan Payments, with investment management platform Juniper Square and with accounting software solution Dext, among others.
