Funding round
Chargebee Series B
Chargebee, which works in subscription revenue management solutions in North Bethesda, raised $5.0M in a Series B round announced on 10 Mar 2015, led by Tiger Global. 2 firms took part, 1 of them already investors. It is Chargebee's second venture round on record; the one before was a Series A in Jan 2014.
$5.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Chargebee did not disclose a valuation in this round. It came 14 months after Chargebee's Series A. It is 1.1% of the $468M Chargebee has raised in the venture rounds on record. Chargebee raised again 36 months later: a Series C round of $18M in Mar 2018. 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 12 Jan 2014, led by Accel $800K
- Series B this round 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
Tiger Global led the round with 1 other firm. Accel had backed Chargebee before.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Accel backs 581 venture-backed companies existing 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
215 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $14M, and this round was 36% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| HoneyBook Tech Companies | 5 Mar 2015 | $22M | not disclosed | Norwest Venture Partners |
| Tech Companies | 30 Mar 2015 | $21M | not disclosed | not named |
| Tech Companies | 17 Mar 2015 | $17M | not disclosed | Canaan and Medtronic |
| Tech Companies | 18 Mar 2015 | $16M | not disclosed | 83North |
| Tech Companies | 5 Mar 2015 | $13M | not disclosed | New Enterprise Associates |
| Tech Companies | 26 Mar 2015 | $11M | not disclosed | Octopus Investments |
| Tech Companies | 11 Mar 2015 | $6.5M | not disclosed | The Raine Group |
| Tech Companies | 3 Mar 2015 | $5.5M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Chargebee raise in its Series B round?
Chargebee raised $5.0M in its Series B round, announced in Mar 2015.
Who led Chargebee's Series B round?
Tiger Global led it, with Accel.
What was Chargebee's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
215 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $14M, and this round was 36% of the median.
Did Chargebee raise again after this round?
Yes: a Series C round in Mar 2018 of $18M.