Total amount raised
$18.4 Millions
Latest funding date
02/01/2022
Location
Subskribe has successfully raised funding through multiple rounds, with the latest being a Series A. The company offers an adaptive quote-to-revenue platform designed to streamline and automate revenue operations for SaaS companies.
Keep reading to explore the intricacies of Subskribe's fundraising journey and the investors backing this innovative platform.
What Is Subskribe?
Subskribe, founded in June 2020, is based in San Ramon, California. The company operates in the SaaS industry, focusing on billing, enterprise software, and subscription services. It was established by Durga Pandey, Prakash Raina, and Yibin Guo.
With a team of 11-50 employees, Subskribe offers an adaptive quote-to-revenue platform designed to streamline and automate revenue operations for SaaS companies. The platform includes features like CPQ, billing, revenue recognition, and advanced analytics, aimed at maximizing revenue and operational efficiency.
How Much Funding Has Subskribe Raised?
- Seed Round
- Amount Raised: $5.2M
- Date: June 2020
- Lead Investors: Slow Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the adaptive quote-to-revenue platform.
- Series A
- Amount Raised: $13.2M
- Date: February 2022
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
Total Amount Raised: $18.4M. Current Valuation: Not publicly disclosed.
Key Investors
- 8VC
- Details: 8VC is a venture capital firm based in San Francisco, California. It focuses on investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, logistics, financial services, enterprise software.
- Notable Investments: Palantir Technologies, Wish, Blend.
- Slow Ventures
- Details: Slow Ventures is a venture capital firm that invests in early-stage companies. It was founded by early Facebook employees and focuses on transformative technology.
- Investment Focus Areas: Consumer technology, enterprise software, fintech, healthcare, media.
- Notable Investments: Slack, Pinterest, Nextdoor.
- Sridhar Ramaswamy
- Details: Sridhar Ramaswamy is a venture capitalist and former Google executive. He is known for his expertise in advertising and search technologies.
- Investment Focus Areas: Technology, advertising, search, AI.
- Notable Investments: Not publicly disclosed.
- Chuck Dietrich
- Details: Chuck Dietrich is a venture capitalist and entrepreneur. He has a background in SaaS and enterprise software.
- Investment Focus Areas: SaaS, enterprise software, technology.
- Notable Investments: Not publicly disclosed.
What's Next for Subskribe?
Subskribe stands at the cusp of significant growth opportunities in the SaaS industry. With its adaptive quote-to-revenue platform, the company is well-positioned to capitalize on the increasing demand for streamlined revenue operations. This potential for growth could attract further investment, enabling Subskribe to scale its operations and enhance its platform features.
Future fundraising opportunities appear promising, given the platform's ability to address critical pain points in revenue management. However, Subskribe may face challenges such as market competition and the need to continuously innovate to stay ahead. Navigating these hurdles will be crucial for sustaining its upward trajectory and achieving long-term success.
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