BillingPlatform Raises $10 Million Series B to Grow Billing Software Business

The company is on pace to double its revenue and headcount for the third year in a row

Denver, Colorado (December 18, 2019) BillingPlatform, a global, cloud-based monetization and billing software provider, has raised $10 million in Series B funding from Columbia Capital. The money will be used to continue product development, customer success programs, and go-to-market efforts. BillingPlatform has now raised $14 million from Columbia since 2017.

According to MGI Research, the market for monetization software tools is growing dramatically and represents expanding opportunity with a total addressable market exceeding $172 billion from 2018 to 2022. MGI identified key growth drivers including new business models based on recurring and usage-based pricing, increased adoption of Internet of Things (IoT), the drive to automate and digitally transform the enterprise, and the economics and agility of cloud-based solutions.