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Miguel Cordon · · 1 min readSaaS startup Chargebee enters unicorn club with $125m round
Subscription management platform Chargebee has raised US$125 million in its latest round of funding at a US$1.4 billion valuation.
More funding details
- Lead investors: New backer Sapphire Ventures and existing investors Tiger Global and Insight Partners
- Other backers: Steadview Capital
- Stage: Series G
More company updates
- The round comes as Chargebee claims to have tripled its valuation in less than six months, boasting a 150% net revenue retention rate and a growth of over 2x in total payments volume year on year.
- Chargebee plans to use the new capital to expand its global footprint and onboard more clients.
- Founded in 2011, the company has over 17,000 clients using its platform, including businesses like identity and access management firm Okta and customer engagement platform Freshworks.
- The investment round pushes Chargebee’s total capital raised to date to US$230 million.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Collin Furtado and Jaclyn Tiu
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