Funding round
Chargebee Series C
Chargebee, which works in subscription revenue management solutions in North Bethesda, raised $18M in a Series C round announced on 22 Mar 2018, led by Insight Partners. 3 firms took part, 2 of them already investors. It is Chargebee's third venture round on record; the one before was a Series B in Mar 2015.
$18M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Chargebee did not disclose a valuation in this round. It came 36 months after Chargebee's Series B. It is 3.8% of the $468M Chargebee has raised in the venture rounds on record. Chargebee raised again 17 months later: a Series D round of $14M in Aug 2019. 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 10 Mar 2015, led by Tiger Global $5.0M
- Series C this round 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
Insight Partners led the round with 2 other firms. Accel and Tiger Global Management had backed Chargebee before.
Lead investor
- Insight Partners backs 548 venture-backed companies new investor
Also in the round
- Accel backs 581 venture-backed companies existing investor
- Tiger Global Management existing investor
Joined the board: Harley Miller (Insight Venture Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
198 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 52% of the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Mar 2018 | $100M | not disclosed | not named |
| Tech Companies | 8 Mar 2018 | $60M | not disclosed | Fidelity Management & Research Company and Fidelity Investments |
| Motive Tech Companies | 20 Mar 2018 | $50M | $500M | Institutional Venture Partners |
| Tech Companies | 20 Mar 2018 | $38M | not disclosed | General Catalyst and Breyer Capital |
| Clari Tech Companies | 21 Mar 2018 | $35M | not disclosed | Tenaya Capital |
| Tech Companies | 1 Mar 2018 | $26M | $113M | Triangle Peak Partners |
| Tech Companies | 19 Mar 2018 | $16M | not disclosed | 创世伙伴资本 |
| Tech Companies | 26 Mar 2018 | $7.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Chargebee raise in its Series C round?
Chargebee raised $18M in its Series C round, announced in Mar 2018.
Who led Chargebee's Series C round?
Insight Partners led it, with Accel and Tiger Global Management.
What was Chargebee's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
198 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 52% of the median.
Did Chargebee raise again after this round?
Yes: a Series D round in Aug 2019 of $14M.