Funding round
Chargebee Series D
Chargebee, which works in subscription revenue management solutions in North Bethesda, raised $14M in a Series D round announced on 28 Aug 2019, led by Steadview Capital. 3 firms took part. It is Chargebee's fourth venture round on record; the one before was a Series C in Mar 2018.
$14M
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 17 months after Chargebee's Series C. It is 3.0% of the $468M Chargebee has raised in the venture rounds on record. Chargebee raised again 14 months later: a Series F round of $55M in Oct 2020, at $500M 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 this round 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
Steadview Capital led the round with 2 other firms.
Lead investor
- backs 29 venture-backed companies new investor
Also in the round
- Insight Partners backs 548 venture-backed companies new 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 product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 28% of the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ShareChat Tech Companies | 15 Aug 2019 | $100M | $650M | |
| Tech Companies | 20 Aug 2019 | $73M | not disclosed | Goldman Sachs and Ping An Global Voyager Fund |
| Tech Companies | 22 Aug 2019 | $50M | not disclosed | Macquarie |
| Automattic Tech Companies | 19 Sep 2019 | $300M | $3.00B | Salesforce Ventures |
| Clio Tech Companies | 4 Sep 2019 | $250M | not disclosed | Technology Crossover Ventures and JMI Equity |
| Gusto Tech Companies | 24 Jul 2019 | $200M | $3.80B | Fidelity Management & Research and Generation Investment Management |
| Rebel Foods Tech Companies | 23 Sep 2019 | $125M | $525M | Sequoia Capital and Sequoia Capital India |
| Trax Tech Companies | 23 Jul 2019 | $100M | $1.10B | HOPU Investments |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Chargebee raise in its Series D round?
Chargebee raised $14M in its Series D round, announced in Aug 2019.
Who led Chargebee's Series D round?
Steadview Capital led it, with Insight Partners and Accel.
What was Chargebee's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 28% of the median.
Did Chargebee raise again after this round?
Yes: a Series F round in Oct 2020 of $55M at $500M post-money.