BillingPlatform, a Denver, CO-based provider of an enterprise revenue lifecycle management platform, raised $90M in growth equity funding from FTV Capital.
FTV Capital joined Columbia Capital as institutional investors with minority investments in BillingPlatform. Kyle Griswold and Richard Liu, partners at FTV Capital, will join BillingPlatform’s board of directors.
The company intends to use the funds to accelerate innovation, product development and go-to-market expansion for its platform.
Led by CEO Dennis Wall, BillingPlatform empowers businesses with software solutions to optimize revenue generation through every stage of the customer lifecycle, empowering growth through operational agility along with a frictionless customer experience. Its cloud-based platform is leveraged by global enterprises to optimize the customer journey from idea to revenue. With global customers across multiple industries, including software, finance, media, transportation, and communications, BillingPlatform processes billions of transactions and dollars every year, enabling enterprises to grow revenue, reduce costs, and improve overall customer experience.
FTV Capital’s investment comes as BillingPlatform recorded significant growth, customer wins, and industry analyst and award recognition last year. BillingPlatform announced new deals with J.P. Morgan, CooperSurgical, Juniper Square and Class that join its roster of major enterprise customers, such as Carrier, CCC Intelligent Solutions, Cloudera, Panera, DIRECTV, GoCardless and Vantage Towers.
Commenting on the news, Dennis Wall said: “With this new partnership, we have the financial and strategic resources to continue supporting our customers, drive our ambitious growth goals and extend our leadership as the leading enterprise revenue lifecycle management platform.”
FinSMEs
24/01/2024