BillingPlatform gets $90m boost from FTV Capital for enterprise revenue management expansion

In a significant development in the enterprise technology landscape, BillingPlatform has announced a substantial $90 million growth equity investment from FTV Capital, a seasoned investor in enterprise technology and services. This investment marks a pivotal moment in BillingPlatform’s journey, poised to fuel its expansion in the burgeoning $10 billion market for enterprise revenue lifecycle management.

Rapid Growth and Industry Recognition

BillingPlatform has recorded remarkable growth, customer acquisitions, and industry recognition, including new deals with major clients such as J.P. Morgan and CooperSurgical. With a three-year revenue growth rate of 296%, the company has been acknowledged for its fast growth on Deloitte’s Technology Fast 500 and has been rated highly in influential billing and subscription management reports.

FTV Capital’s Role and Experience

FTV Capital, known for its flexible funding approach and significant investments that align with company management objectives, has a track record of fostering growth and expansion. With over $6.2 billion raised since its inception in 1998, FTV Capital’s investment in BillingPlatform is a testament to its confidence in the company’s potential and product offerings.

Strategic Benefits of the Partnership

The partnership with FTV Capital is expected to accelerate BillingPlatform’s growth in new and core verticals. Kyle Griswold and Richard Liu, partners at FTV Capital, will join BillingPlatform’s board, bringing their expertise to the table. This collaboration is set to enhance BillingPlatform’s market leadership in cloud-based solutions and automated billing software.

BillingPlatform’s Vision and Capabilities

BillingPlatform stands out as the only billing and revenue management solution that enables enterprises to monetize a wide range of product offerings. Its full lifecycle support of the monetization process, from product setup to payment and collections, positions the company uniquely in the market. The platform’s flexibility allows enterprises to differentiate in the market, maximize profitability, reduce operational costs, and improve customer experiences.

The investment in BillingPlatform by FTV Capital is a clear indicator of the significant potential and need for innovative enterprise revenue management solutions in today’s market. BillingPlatform’s comprehensive approach to revenue management, combined with FTV Capital’s expertise and financial backing, positions it strongly to lead the market in developing next-generation cloud-based solutions. This partnership is likely to set new standards in operational efficiency and revenue generation, shaping the future of enterprise revenue lifecycle management.