PE Fund Investments
SaaS unicorn ChargeBee raises $250-M from Tiger Global, Sequoia, others
Chennai-based subscription billing solutions unicorn ChargeBee has raised a USD 250 million round co-led by Tiger Global and Sequoia Capital, with participation from other existing backers including Insight Partners, Sapphire and Steadview Capital. The startup is now valued at USD 3.5 Billion - more than 2.5X than that during its previous round in April 2021. It will use the new funds towards product innovation and global expansion and for strategic growth initiatives.
From the Venture Intelligence PE-VC Deal Database: Between Jan-14 and Apr-21, ChargeBee raised $218-M from Steadview Capital, Sapphire Ventures, Insight Venture Partners, Tiger Global, Accel India, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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