How Much Did Zuora Raise? Funding & Key Investors

Zuora has established itself as a leader in subscription and monetization solutions, offering a comprehensive platform that includes recurring billing applications and automated revenue management. The company's innovative approach has garnered recognition from industry analysts and notable clients alike.

Keep reading to explore the intricacies of Zuora's fundraising journey and the investors backing this innovative platform.

What Is Zuora?

Zuora is a prominent player in the subscription and monetization solutions industry. The company offers a comprehensive platform that supports various business models, including subscriptions, usage-based billing, and dynamic pricing strategies.

Recognized as a leader by Gartner, ISG Research, and Forrester Wave, Zuora's solutions help businesses manage recurring billing, track usage data, and automate revenue recognition. The platform is designed to integrate seamlessly with existing applications, providing robust tools to support business growth and efficiency.

How Much Funding Has Zuora Raised?

1. Series A
   • Amount Raised: USD 6,500,000
   • Date: March 2008
   • Lead Investors: Benchmark
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and establish market presence.
2. Series B
   • Amount Raised: USD 15,000,000
   • Date: October 2008
   • Lead Investors: Shasta Ventures, Tenaya Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand the customer base.
3. Series C
   • Amount Raised: USD 25,000,000
   • Date: November 2010
   • Lead Investors: Redpoint
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product features and enter new markets.
4. Series D
   • Amount Raised: USD 36,000,000
   • Date: November 2011
   • Lead Investors: Greylock, Index Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and invest in technology development.
5. Series E
   • Amount Raised: USD 50,000,000
   • Date: September 2013
   • Lead Investors: NextWorld Capital, Northgate Capital, Vulcan Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand globally and enhance the platform's capabilities.
6. Series F
   • Amount Raised: USD 115,000,000
   • Date: March 2015
   • Lead Investors: Wellington Management Company LLP, Blackrock Inc, Premji, Passport Capital
   • Valuation at Round: Close to USD 1 billion
   • Motivation Behind the Round: To support global growth, team expansion, and continued R&D.
7. Secondary Market
   • Amount Raised: Not publicly disclosed
   • Date: June 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
8. Secondary Market
   • Amount Raised: Not publicly disclosed
   • Date: March 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
9. Post-IPO Equity
   • Amount Raised: USD 400,000,000
   • Date: March 2022
   • Lead Investors: Silver Lake
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fuel strategic acquisitions and further platform development.
10. Private Equity
    • Amount Raised: Not publicly disclosed
    • Date: October 2024
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support long-term growth and innovation initiatives.

Zuora has raised a total of USD 647,500,000. The current valuation is close to USD 1 billion.

Key Investors

• Benchmark Capital
  • Details: Benchmark Capital is a venture capital firm known for investing in early-stage startups. They have a strong track record of backing successful technology companies.
  • Investment Focus Areas: Early-stage technology startups, consumer internet, enterprise software.
  • Notable Investments: Uber, Twitter, Snapchat.
• Greylock Partners
  • Details: Greylock Partners is a venture capital firm that invests in technology companies. They focus on both consumer and enterprise sectors.
  • Investment Focus Areas: Technology companies, consumer internet, enterprise software.
  • Notable Investments: LinkedIn, Airbnb, Facebook.
• Redpoint Ventures
  • Details: Redpoint Ventures is a venture capital firm that focuses on investments in seed, early, and growth-stage companies. They have a strong presence in the technology sector.
  • Investment Focus Areas: Seed-stage technology companies, early-stage technology companies, growth-stage technology companies.
  • Notable Investments: Netflix, Stripe, Twilio.
• Index Ventures
  • Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. They have a diverse portfolio across various stages of company growth.
  • Investment Focus Areas: Technology, life sciences, consumer internet.
  • Notable Investments: Dropbox, Skype, Slack.
• Shasta Ventures
  • Details: Shasta Ventures is a venture capital firm that invests in early-stage technology companies. They focus on innovative startups with high growth potential.
  • Investment Focus Areas: Early-stage technology companies, consumer internet, enterprise software.
  • Notable Investments: Anaplan, Nextdoor, Smule.

What's Next for Zuora?

Zuora stands at the cusp of significant opportunities, driven by the global shift towards subscription-based billing models. The company is poised to expand into new geographies and vertical markets, leveraging its robust platform to cater to diverse industries such as media, technology, and healthcare. This expansion is supported by substantial financial backing, with recent funding rounds indicating strong investor confidence.

Future fundraising opportunities appear promising, with the potential for an Initial Public Offering (IPO) as Zuora approaches a $1 billion valuation. This could provide the necessary capital to fuel further growth and innovation. However, the company must navigate challenges such as managing rapid global expansion, recruiting top talent, and staying ahead of competitors in the SaaS market.

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