Funding round
Chargebee Series A
Chargebee, which works in subscription revenue management solutions in North Bethesda, raised $800K in a Series A round announced on 12 Jan 2014, led by Accel. 1 firm took part. It is Chargebee's first venture round on record.
$800K
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Chargebee did not disclose a valuation in this round. It is Chargebee's first venture round on record, 3 years after it was founded in 2011. It is under 1% of the $468M Chargebee has raised in the venture rounds on record. Chargebee raised again 14 months later: a Series B round of $5.0M in Mar 2015. Its next priced round, a Series F in Oct 2020, valued it at $500M.
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 this round 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 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
Accel led the round.
Lead investor
- Accel backs 581 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
252 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $5.0M, and this round was 16% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Jan 2014 | $13M | not disclosed | Updata Partners |
| Tech Companies | 1 Jan 2014 | $11M | not disclosed | Sequoia Capital |
| Tech Companies | 9 Jan 2014 | $11M | not disclosed | Blumberg Capital |
| Tech Companies | 22 Jan 2014 | $10M | $54M | Lightspeed Venture Partners |
| Tech Companies | 1 Jan 2014 | $8.0M | not disclosed | not named |
| Tech Companies | 1 Jan 2014 | $7.9M | not disclosed | not named |
| Tech Companies | 7 Jan 2014 | $6.8M | not disclosed | Artis Ventures |
| Tech Companies | 29 Jan 2014 | $6.5M | not disclosed | August Capital |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Chargebee raise in its Series A round?
Chargebee raised $800K in its Series A round, announced in Jan 2014.
Who led Chargebee's Series A round?
Accel led it.
What was Chargebee's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
252 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $5.0M, and this round was 16% of the median.
Did Chargebee raise again after this round?
Yes: a Series B round in Mar 2015 of $5.0M.