Funding round
Chargebee Series G
Chargebee, which works in subscription revenue management solutions in North Bethesda, raised $125M in a Series G round announced on 14 Sep 2022, led by Sapphire Ventures, Tiger Global and Insight Partners, at a $1.40B post-money valuation. 5 firms took part, 2 of them already investors. It is Chargebee's seventh venture round on record; the one before was a Growth in Feb 2022.
$125M
Amount raised
$1.40B
Post-money valuation
$1.27B pre-money
5
Investors
3 leads
0.4x
Step-up from the Growth
$3.50B in Feb 2022
8.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chargebee at $1.40B after the new money, 0.4 times the $3.50B of its Growth (Feb 2022). The $125M bought investors about 8.9% of the company. It came 7 months after Chargebee's Growth. It is 27% of the $468M Chargebee has raised in the venture rounds on record. No later venture round is on record for Chargebee.
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 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 this round 14 Sep 2022, led by Sapphire Ventures, Tiger Global and Insight Partners $125M$1.40B post-money
Investors
Who put money in
Sapphire Ventures, Tiger Global and Insight Partners led the round with 2 other firms. Tiger Global and Insight Partners had backed Chargebee before.
Lead investors
- Sapphire Ventures backs 148 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies existing investor
- Insight Partners backs 548 venture-backed companies existing investor
Also in the round
- backs 29 venture-backed companies new investor
- TVS Capital 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $258M, and this round was 48% of the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Snyk Tech Companies | 13 Dec 2022 | $197M | $7.40B | Qatar Investment Authority |
| Sysdig Tech Companies | 15 Dec 2021 | $350M | $2.50B | Permira |
| ShareChat Tech Companies | 16 Dec 2021 | $266M | $3.70B | Alkeon |
| Collibra Tech Companies | 9 Nov 2021 | $250M | $5.25B | Sequoia Capital and Sofina |
| Magic Leap Tech Companies | 11 Oct 2021 | $500M | $2.00B | not named |
| VideoAmp Tech Companies | 13 Sep 2023 | $150M | $1.40B | Vista Credit Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Chargebee raise in its Series G round?
Chargebee raised $125M in its Series G round, announced in Sep 2022.
Who led Chargebee's Series G round?
Sapphire Ventures, Tiger Global and Insight Partners led it, with Steadview Capital and TVS Capital.
What was Chargebee's valuation at the Series G round?
$1.40B post-money ($1.27B pre-money).
How does it compare with other Series G rounds in Tech Companies?
6 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $258M, and this round was 48% of the median.