Led · Series A · Aug 2022

Zapmap operates a leading consumer app for EV drivers to search, plan and pay for charging and a growing API and data offering. Its app has over 1.54 million downloads and 860,000 registered users, holding significant market share among the UK's one million battery electric vehicle owners. The company monetizes via a freemium subscription model, media, and payments. Zapmap has launched B2B products: Zapmap Spark (launched in October last year) to integrate Zapmap data into other organisations' digital products, and Zapmap Insights, which leverages the UK's most comprehensive database of public EV charging points to provide data to businesses including the Department for Transport. Zapmap plans to continue focusing on the UK market while expanding its mapping services to the US and other European markets. The company aims to reach breakeven during 2025. Zap-Map offers an app and digital platform that helps EV drivers find charge points, plan longer journeys, pay on participating networks and share live updates with other drivers. Led by CEO Richard Bourne, the company supports a community that adds daily status and information updates and enables peer-to-peer sharing through Zap-Home and Zap-Work. It also sells B2B services including promotion, content, data and market insights. The platform attracts more than 130,000 UK users per month and targets a core user base drawn from roughly 205,000 pure-EVs and 233,000 plug-in hybrids (SMMT: Dec 2020). Zap-Map plans to use recent funding to build out its paid-subscription services, accelerate product development and expand its business abroad. Financially, the company recently completed a priced Series A that provides capital to support these growth initiatives.

Participated · Equity · Apr 2019

Bill.com offers a cloud Payment Management Platform that automates, streamlines, and controls AP and AR and other back‑office payment processes for SMBs. The platform integrates with major accounting software providers (NetSuite, Intacct, QuickBooks, Xero) and is used by more than 3 million members. Bill.com manages over $60 billion in annual payment volume and says it saves more than 50% of the time typically spent on payments. More than 70 of the top 100 U.S. accounting firms leverage Bill.com to help clients automate payments and provide advisory services. The company emphasizes scaling adoption through partnerships with leading financial institutions and technology companies to digitize a large, under‑digitized B2B payments market. Bill.com operates a cloud payments network that automates AP and AR to reduce reliance on paper checks and streamline financial back-office workflows. Its platform saves businesses up to 50% of the time typically spent on financial back-office operations by securely automating end-to-end processes. The network has over 2.5 million members, processes $50 billion in payments annually, and serves more than 100,000 customers; more than 1% of U.S. businesses use the Bill.com network to pay or get paid. Bill.com partners with four of the top 10 U.S. banks, over 50 of the top 100 accounting firms, and integrates with major accounting software providers including Intuit and Xero; it is the preferred provider for CPA.com. Headquartered in Palo Alto, California, the company plans to accelerate distribution into banks and accounting firms and drive wider adoption of digital business payments using the new capital. Bill.com provides a suite of digital payments solutions that simplify bill payment and invoicing processes for SMBs. Its applications automate A/P and A/R workflows and integrate banks and accounting software, with three of the top ten national banks and 35 of the top 100 accounting firms using the platform. In the past 12 months the network grew over 100% to more than 600,000 members and the company now moves over $19 billion annually. Recent product launches include Bill.com Fast Pay, Bill.com Payments for NetSuite, and Intacct Sync 2.0. The company says its automation can save customers up to 50% of the time typically spent on financial back‑office operations. Bill.com plans to use new capital to continue scaling its network, expand its core technology, and deliver digital payments solutions nationwide. Bill.com operates a platform that connects banks, accounting services and customers via APIs to handle payables, receivables and cash management, aiming to automate back-office workflows. The company plans to invest the new funding to add more payables features for larger customers, integrate with CRM providers to turn sales orders into invoices, enable customers to extend their own platforms, and enhance cash-flow visualization. Bill.com's platform abstracts complex back-office data flows through a network of API connections and integrations with partners such as Xero. CEO and co-founder René Lacerte highlighted a market opportunity where banks process about 80% of consumer payments but only 20% of business payments, which Bill.com targets. The company faces product-development tradeoffs as the platform must be fortified to scale, exposing it to competition from Netsuite, QuickBooks and Concur and nimbler startups. Financially, Bill.com raised $38M in an oversubscribed round and has now raised $80M in total. Bill.com offers a web-based platform for bill payment, invoicing and cash management that integrates with major accounting and banking systems. The service connects with QuickBooks Online, Intacct, NetSuite, Sage Peachtree, Google Apps and PayPal Business. The company says it has grown over 300% this year and added “tens of thousands of new customers and vendors.” Its platform now manages more than $3 billion in payments. Bill.com positions itself as a high-volume payments network for businesses and continues to expand its integrations and customer base. The company has raised multiple rounds of financing to support its growth.