Chargebee raised $125mn in series G becomes Unicorn at $1.4bn valuation

Chargebee, a subscription billing and revenue management platform raised $125 million in series G co-led by Sapphire Ventures & Tiger Global and Insight Venture Partners, along with Steadview Capital.

With this, the Chennai and San Francisco based firm enters the unicorn club (Unicorns are privately funded firms that are valued at $1 billion and above). Chargebee is now valued at $1.4 billion, which triples its valuation in less than 6 months.

"overall the pandemic accelerated the shift to subscriptions across industries - from cars to coffee pods, businesses like those in retail were able to shift to a subscription model in as little as 10 days., YouSign, the European e-signature provider, realized a massive opportunity within the notary market following the pandemic. With Chargebee, they were able to launch a new plan focused on this market, which went on to account for over 15% of their revenue in just the first 2 months. “ realised a massive opportunity globally for e-learning solutions. With Chargebee, they were able to move into 90 new markets in under 180 days.” Krish Subramanian, co-founder and CEO at Chargebee

Chargebee is used by over 17,000 companies globally including businesses like Okta and Freshworks, and startups like Calendly and The firm has raised $230 million funding to date.

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