SaaSOptics is an Atlanta, Ga.-based cloud software B2B subscription management platform led by CEO Tim McCormick. It specializes in automating the financial operations of SaaS companies by streamlining the order-to-revenue process and automating revenue recognition, invoicing and payments, and subscription analytics and metrics. Battery Ventures led a combined growth-equity investment of more than $150M in SaaSOptics and Chargify. The investment is intended to accelerate growth at both companies and allow them to further invest in their products. Combined, the two companies serve more than 2,000 customers and manage more than $10 billion in customer annual recurring revenue. SaaSOptics is positioned alongside Chargify, a complementary platform focused on complex usage- and events-based billing and subscription management. SaaSOptics is an Atlanta, GA-based cloud platform that provides subscription management for emerging and growth B2B SaaS and subscription businesses. Its product includes subscription and order management, GAAP revenue recognition, e-invoicing and payments, GAAP financial reporting, and subscription metrics and analytics. Led by CEO Tim McCormick, the company serves over 600 customers worldwide and manages over $6 billion in revenue. Customers have used SaaSOptics' data and reporting to raise over $13 billion in capital. The company plans to use the new funding to scale sales, marketing, customer success and support teams and to add engineering and product management resources. Those investments are intended to extend its total addressable market through product and go-to-market expansion. SaaSOptics is a cloud-based subscription management platform for B2B SaaS and subscription-based businesses, offering subscription and order management, GAAP revenue recognition, e-invoicing and payments, GAAP financial reporting, and subscription metrics and analytics. Led by CEO Tim McCormick, the platform helps emerging and growth subscription businesses eliminate spreadsheets and streamline financial operations, reporting, and performance metrics. It integrates with systems including Salesforce.com, QuickBooks, Sage Intacct and Stripe, and plans support for NetSuite, Xero and HubSpot CRM. The company intends to continue investing in customer success, new products and integrations. SaaSOptics recently secured $5M in Series A funding to scale its sales and marketing organizations.

Total raised

$167M

Funding rounds

4

Latest round

Equity

Latest activity

Apr 2021