Chargebee: Raises another $250 million
- Chargebee, the leading subscription management platform announced the closing of a $250 million investment round
- Co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire, and Steadview Capital
- This round follows a previous round in April raising $125 million at a $1.4 billion valuation
- Financial services firm UBS predicts that this “subscription economy” will grow to $1.5 trillion by 2025
- The new round of funding will be used towards product innovation and global expansion to support the billing and revenue needs of current
- Manages revenue operations for subscription-based businesses ranging from early-stage start-ups to larger enterprises
