Wednesday, March 11, 2015

Zuora Takes $115M For Subscription Tools

Foster City-based Zuora, which develops tools that help software-as-a-service and other subscription-based services manage payments and announced , has raised $115M in a new funding round, the company annoucned this morning. The new funding came from Blackrock, Passport Capital, Wellington Management Company, Premji, and existing investors Benchmark Capital, Greylock, Redpoint, Index, Shasta, Vulcan, Next World Capital, Dave Duffield, and Marc Benioff. The company says it has now raised $250M in total funding, and is now seeing approximately $42 billion in contracted invoice volume. More information »