Orb, a pricing platform, has landed $19.1m in total funding across Series A and seed funding rounds.
The Series A round – headed by Menlo Ventures – brought in $14m and a 2021 seed round headed by Greylock amounted to $5.1m.
Also taking part in the raise were base case capital, Data Community Fund, Essence VC, FOG Ventures, Scribble Ventures, South Park Commons and SV Angel.
Orb’s powerful pricing platform spans the end-to-end revenue workflow, from robust metering capabilities, to flexible pricing and packaging iteration, to streamlined invoicing, to reporting and revenue recognition.
Orb powers billing for high-growth B2B technology companies including Airbyte, Dune, and Materialize, saving them engineering costs and enabling them to unlock more revenue. Revenue is a company-wide effort, so Orb’s solution is designed to accelerate all stakeholders toward their goals.
Through the company’s platform, Orb claims SaaS firms can now accurately bill for any flexible pricing model.
Orb CEO and co-founder Alvaro Morales said, “Pricing is one of the most effective growth levers that companies have, yet so few can successfully evolve their monetization to act on opportunities.
“Building this infrastructure in-house has required massive investments in engineering, beyond the reach of most companies. Alternatively, companies have faced a false choice between billing solutions that are either developer-friendly or powerful for cross-functional users like finance. That changes today with Orb.”
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