Funding round
Chargebee Growth
Reported as "Growth Equity"
Chargebee, which works in subscription revenue management solutions in North Bethesda, raised $250M in a Growth round announced on 1 Feb 2022, led by Tiger Global and Peak XV Partners, at a $3.50B post-money valuation. 5 firms took part. It is Chargebee's sixth venture round on record; the one before was a Series F in Oct 2020.
$250M
Amount raised
$3.50B
Post-money valuation
$3.25B pre-money
5
Investors
2 leads
7.0x
Step-up from the Series F
$500M in Oct 2020
7.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chargebee at $3.50B after the new money, 7.0 times the $500M of its Series F (Oct 2020). The $250M bought investors about 7.1% of the company. It came 16 months after Chargebee's Series F. It is 53% of the $468M Chargebee has raised in the venture rounds on record. Chargebee raised again 7 months later: a Series G round of $125M in Sep 2022, at $1.40B post-money.
Chargebee's funding rounds
Chargebee has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 14 Dec 2012 $350K
- Series A 12 Jan 2014, led by Accel $800K
- Series B 10 Mar 2015, led by Tiger Global $5.0M
- Series C 22 Mar 2018, led by Insight Partners $18M
- Series D 28 Aug 2019, led by Steadview Capital $14M
- Series F 6 Oct 2020, led by Insight Partners $55M$500M post-money
- Growth this round 1 Feb 2022, led by Tiger Global and Peak XV Partners $250M$3.50B post-money
- Series G 14 Sep 2022, led by Sapphire Ventures, Tiger Global and Insight Partners $125M$1.40B post-money
Investors
Who put money in
Tiger Global and Peak XV Partners led the round with 3 other firms.
Lead investors
- Tiger Global backs 391 venture-backed companies new investor
- Peak XV Partners new investor
Also in the round
- Insight Partners backs 548 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- backs 29 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 4.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Securonix Tech Companies | 15 Feb 2022 | $1.00B | not disclosed | Vista Equity Partners |
| RELEX Solutions Tech Companies | 17 Feb 2022 | $568M | $5.68B | Blackstone |
| Tech Companies | 1 Feb 2022 | $350M | not disclosed | K1 Investment Management |
| Branch Tech Companies | 10 Feb 2022 | $300M | $4.00B | New Enterprise Associates |
| Cart.com Tech Companies | 3 Feb 2022 | $240M | not disclosed | Legacy Knight Capital Partners |
| Tech Companies | 14 Feb 2022 | $200M | not disclosed | Spectrum Equity and 22C Capital |
| Tech Companies | 22 Feb 2022 | $150M | not disclosed | Tiger Global |
| Tech Companies | 15 Feb 2022 | $100M | $2.00B | Blackstone |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Chargebee raise in its Growth round?
Chargebee raised $250M in its Growth round, announced in Feb 2022.
Who led Chargebee's Growth round?
Tiger Global and Peak XV Partners led it, with Insight Partners, Sapphire Ventures and Steadview Capital.
What was Chargebee's valuation at the Growth round?
$3.50B post-money ($3.25B pre-money).
How does it compare with other Growth rounds in Tech Companies?
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 4.2 times the median.
Did Chargebee raise again after this round?
Yes: a Series G round in Sep 2022 of $125M at $1.40B post-money.