Funds came from Silicon Valley Bank, which joined existing investors DCM Ventures, Scale Venture Partners, August Capital, Napier Park Global Capital, American Express Ventures and Commerce Ventures. Founder and CEO Renee Lacerte said, “With this new capital, we will continue to expand our core technology and fulfill our promise to deliver digital payments solutions to businesses nationwide.”
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Bill.Com Raises $50 Million
Bill.com, which markets web-based invoicing services, has closed a financing round of $50 million. The company intends to use the proceeds to fuel growth on the heels of doubling its business in the last 12 months. The latest round brings the amount the company has raised to more than $100 million.
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