Product R&D and marketing plans lined up

Chargebee, a SaaS subscription management and recurring billing solution, has secured US$18 Million in growth capital, led by New York-based Insight Venture Partners.

The Series C investment also saw participation from previous investors, Accel Partners and Tiger Global Management.

With this round of funding, the total investment stands at US$24.7 Million.

This capital will be used for increased investment in product R&D, sales, marketing and growth, to expand aggressively into newer markets and segments.

Chargebee offers a payment gateway agnostic subscription billing solution, complementing gateways like Stripe, Braintree, PayPal, Adyen and many others.

Chargebee powers the recurring revenue engines of B2B and B2C services across various industry verticals like SaaS, Digital Media, eCommerce, and IoT.

Founded in 2011, Chargebee has scaled to support 7000+ customers in 53 countries. fii-news.com