Funding round
Chargebee Series F
Chargebee, which works in subscription revenue management solutions in North Bethesda, raised $55M in a Series F round announced on 6 Oct 2020, led by Insight Partners, at a $500M post-money valuation. 6 firms took part, 5 of them already investors. It is Chargebee's fifth venture round on record; the one before was a Series D in Aug 2019.
$55M
Amount raised
$500M
Post-money valuation
$445M pre-money
6
Investors
1 lead
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chargebee at $500M after the new money. The $55M bought investors about 11% of the company. It came 14 months after Chargebee's Series D. It is 12% of the $468M Chargebee has raised in the venture rounds on record. Chargebee raised again 16 months later: a Growth round of $250M in Feb 2022, at $3.50B 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 this round 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 5 other firms. Steadview Capital, Tiger Global, Felicis and GSV Acceleration and 1 more had backed Chargebee before.
Lead investor
- Insight Partners backs 548 venture-backed companies new investor
Also in the round
- backs 29 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- Felicis backs 237 venture-backed companies existing investor
- GSV Acceleration existing investor
- Khosla Ventures backs 396 venture-backed companies existing investor
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
33 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $155M, and this round was 35% of the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Nov 2020 | $110M | $1.50B | Technology Crossover Ventures and Sequoia Capital |
| Olive Tech Companies | 18 Sep 2020 | $106M | not disclosed | General Catalyst and Drive Capital |
| Seismic Tech Companies | 29 Sep 2020 | $92M | $1.60B | Permira |
| DataRobot Tech Companies | 9 Dec 2020 | $320M | $2.80B | Altimeter |
| Tech Companies | 25 Aug 2020 | $100M | $1.00B | Bain Capital Ventures and Technology Crossover Ventures |
| Tech Companies | 10 Jan 2021 | $360M | $2.00B | SoftBank Vision Fund |
| Tech Companies | 1 Jan 2021 | $150M | $1.00B | Goldman Sachs Asset Management |
| Tech Companies | 14 Jul 2020 | $120M | $1.92B | Salesforce Ventures |
Sources
Where this comes from
Reported by 4 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 F round?
Chargebee raised $55M in its Series F round, announced in Oct 2020.
Who led Chargebee's Series F round?
Insight Partners led it, with Steadview Capital, Tiger Global, Felicis, GSV Acceleration and Khosla Ventures.
What was Chargebee's valuation at the Series F round?
$500M post-money ($445M pre-money).
How does it compare with other Series F rounds in Tech Companies?
33 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $155M, and this round was 35% of the median.
Did Chargebee raise again after this round?
Yes: a Growth round in Feb 2022 of $250M at $3.50B post-money.