Bill.com Raises $294M in Series E

Bill.com has successfully raised $294M in a Series E at a $2.29B valuation led by August Capital, Ribbit Capital.

Company Overview

Bill.com is a Fintech company headquartered in San Jose, CA, founded in 2006 with 1200+ employees.

Business payment platform

Fundraising Details

• Amount Raised: $294M
• Round Type: Series E
• Valuation: $2.29B
• Date: 2024-04-28
• Investors: August Capital, Ribbit Capital

About Bill.com

Business payment platform The company is positioned in the Fintech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Jose, CA
• Founded: 2006
• Team Size: 1200+
• Industry: Fintech

What This Means

This funding round demonstrates strong investor confidence in Bill.com's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Fintech sector continues to attract significant investment as companies innovate to meet evolving market demands. Bill.com's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2.29B valuation marks an important milestone for Bill.com, positioning the company among notable players in the Fintech industry.

Looking Ahead

With this new capital, Bill.com is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fintech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-04-28. For more information about Bill.com, visit their headquarters at San Jose, CA.