COMPANY INFO
The actual company name is BILL Holdings, Inc. It was founded in April 2006 by René Lacerte. As of 2024, the company has approximately 2,187 employees. BILL's website is bill.com, and it operates in the financial technology industry. BILL Holdings, Inc. provides automated, cloud-based software for financial operations, enabling small and midsize businesses to streamline accounts payable and receivable processes. The company offers an end-to-end payments automation platform that integrates with financial institutions to simplify business payments and financial management.
BILL Holdings, Inc. is a financial technology company founded in 2006 by René Lacerte. Headquartered in San Jose, California, BILL Holdings specializes in providing automated, cloud-based software designed to streamline financial operations for small and midsize businesses. Their platform enables companies to simplify accounts payable, receivable processes, and business payments, all while integrating seamlessly with financial institutions. As of 2024, the company employs approximately 2,187 people and continues to be a leader in end-to-end payment automation for fast-growing businesses.
BILL Holdings, Inc. has a robust funding history characterized by multiple strategic investment rounds and a notable public offering. The company has raised a total of $326 million across eleven funding rounds prior to its listing, followed by a significant $1.15 billion post-IPO raise. BILL’s funding trajectory includes early-stage support from top venture capital firms and later-stage investments from major financial institutions and strategic investors. The company’s strategy has consistently focused on growth, scaling operations, and expanding its market reach, culminating in its successful IPO and subsequent expansion activities.
This post-IPO funding round was aimed at fueling company growth and expansion initiatives as BILL Holdings, Inc. scaled its product offerings and global market presence.
The Series G round raised $88 million for late-stage growth and market expansion, supporting the company’s commitment to innovation within the fintech space.
This earlier Series G round brought in $100 million, focusing on driving late-stage scaling, strengthening operational infrastructure, and preparing the company for significant growth.
Securing $50 million in Series F, BILL Holdings invested in product development and market expansion to solidify its competitive position.
The $38 million Series E round was used to scale business operations and expand the company’s market presence.
With $15.5 million raised, this round facilitated product enhancement and further business growth.
Funding from this round was allocated to support early growth and ongoing product development.
The company continued to drive its early-stage growth and productization with this $8.5 million Series C investment.
This initial Series C round also supported early-stage growth and product development.
BILL Holdings raised $6.5 million in Series B to drive business expansion and initial market penetration.
The company’s Series A, totaling $2.1 million, provided capital for the initial product launch and market entry.
Franklin Templeton Investments is a global investment management firm. As an investor in BILL Holdings, Franklin Templeton played a significant role in supporting the company’s late-stage capital and expansion strategy.
Mastercard, a world-leading payments and technology company, invested in BILL Holdings to help advance its product innovation and expand the fintech ecosystem through strategic partnership.
Fidelity is a renowned asset management company whose investment bolstered BILL Holdings’ financial stability and growth prospects.
A leading investment management firm, Kayne Anderson Rudnick contributed to the company’s strategic growth funding.
FLEETCOR, a global business payments company, participated in BILL Holdings’ funding rounds as part of its strategy to foster innovation in business payments.
Temasek, a global investment company headquartered in Singapore, provided BILL Holdings with significant capital to drive international expansion.
Cross Creek, a growth equity investment partner, supported BILL’s scaling and market expansion initiatives.
JPMorgan Chase, one of the world’s largest financial services firms, invested in key growth rounds for BILL Holdings, providing both capital and industry expertise.
SVB (Silicon Valley Bank) supported BILL Holdings’ growth with both capital and banking services tailored to fast-growing fintech companies.
American Express Ventures is the strategic investment arm of American Express, backing BILL Holdings to drive innovation in the payments landscape.
As a global alternative asset manager, Napier Park Global Capital supported BILL Holdings in key later-stage funding rounds.
August Capital is a venture capital firm that invested at multiple stages in BILL Holdings, playing a crucial role in the company’s early and later growth.
Scale Venture Partners provided both capital and strategic guidance, aiding BILL’s development and expansion efforts.
DCM Ventures, a global venture capital firm, has been a long-term supporter of BILL Holdings through multiple investment rounds.
Emergence Capital invested to help fuel growth and product innovation at BILL Holdings.
Icon Ventures contributed to several rounds, helping to guide product strategy and scale the business.
TTV Capital is a venture firm specializing in fintech that provided early and mid-stage support to BILL Holdings.
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