California-based revenue and billing management platform Recvue has closed a $2m funding round, led by Cota Capital.
Founded in 2015, Recvue is a revenue support platform which streamlines and simplifies processes involved with subscription management and usage-based contracts, from opportunity to invoicing. The platform integrates with CRM, ERP and Fulfillment to help businesses with product catalog, contract pricing, billing automation, revenue management, change requests and insights.
With this injection of equity, Recvue is looking to continue its innovation, boost growth and drive customer success.
Following the investment, angel investor Bobby Yazdani will join Recvue board of directors.
Nair said, ?Although weve been in the market for only two years, we already manage $5.5bn of annual recurring revenue through our platform. Weve taken our 20+ years of experience implementing contract management and billing solutions for fast growing companies and paired that with modern-day technologies to build a first-class, vendor agnostic solution that works within any technology stack.p>
Cota portfolio currently includes payroll, compliance and benefits system Gusto, bookkeeping and tax management service inDinero and banking platform Seed.
Currently, 2017 is on track to hitting a record year of investments for Infrastructure and Enterprise Software investments, with the first half seeing $2.5bn.
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