M3ter provides tools that enable SaaS and API businesses to implement granular usage-based pricing, metering, and related analytics. Its core product set includes billing and metering features and forthcoming data-science capabilities such as Cost Allocator, Pricing Experimenter, and Usage Forecaster. The company serves technology customers and partners including Paddle, Onfido, Sift, ClickHouse and Chargebee. M3ter came out of stealth a little over a year ago and has grown its business 375% since debut. The startup reports an estimated runway of roughly 3–4 years. It plans to use new capital to expand into new markets, notably the U.S., and to continue building more sophisticated tools for customers. m3ter builds tooling that enables SaaS companies to implement granular, usage-based pricing and billing. The product targets fast-scaling enterprise SaaS customers that need to support complex metered pricing tiers. The company has early traction with customers including Sift, Stedi, Redcentric and Paddle, which resells the technology in partnership with m3ter. Founders Griffin Parry and John Griffin previously founded GameSparks, which was acquired by Amazon Web Services, and they draw on that experience in usage-based products. m3ter plans to use its new funding to continue building out the product and to expand its customer base, while positioning for other markets such as telecoms and utilities. The team emphasizes supporting high levels of complexity and scale and expects competition to validate and grow the market opportunity.

Total raised

$32M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2023