BillingPlatform, a US-based enterprise revenue lifecycle management firm, has raised $90m in a growth equity investment from FTV Capital. The investment will be used to accelerate innovation, product development, and go-to-market expansion for the company, which has achieved a three-year revenue growth rate of 296%. BillingPlatform’s cloud-based billing and revenue management solution automates quote-to-cash processes for various industries, including technology, financial services, media and entertainment, logistics, and communications.
BillingPlatform has secured a $90m growth equity investment from FTV Capital, bringing its total raised to $104m. The investment will support the company’s innovation, product development, and go-to-market expansion. BillingPlatform’s cloud-based billing and revenue management solution automates quote-to-cash processes for multiple industries.
The investment will also see FTV Capital partners Kyle Griswold and Richard Liu join BillingPlatform’s board of directors. With the new funding, the Colorado-headquartered company says it will look to “accelerate innovation, product development and go-to-market expansion” after achieving a three-year revenue growth rate of 296%. Dennis Wall, CEO of BillingPlatform, says the partnership provides “the financial and strategic resources to continue supporting our customers, drive our ambitious growth goals and extend our leadership”.
The fresh investment follows the company’s Series B round in December 2019, when it secured a $10m investment from venture capital firm Columbia Capital. BillingPlatform’s cloud-based billing and revenue management solution automates quote-to-cash processes for the technology, financial services, media and entertainment, logistics and communications industries.
The investment will enable BillingPlatform to accelerate its innovation, product development, and go-to-market expansion. The company’s cloud-based billing and revenue management solution automates quote-to-cash processes for various industries. Since being founded in 2012, the company has landed a string of notable partnerships across the financial services industry specifically, including with the treasury services and trade finance businesses of JP Morgan Payments, with investment management platform Juniper Square and with accounting software solution Dext, among others.
