RecVue Secures $2M to Help Enterprises Streamline Complex Recurring Billing
RecVue now poised to quickly add to the $5.5B of annual recurring billing and revenue processed through their recurring billing and revenue management platform
Palo Alto, CA – September 25, 2017 – RecVue, a Palo Alto, Calif.- based recurring billing and revenue management platform, announced today they raised $2 million in funding to accelerate growth. Cota Capital led the round.
“I’m proud to announce our funding, and that Bobby Yazdani will be joining our board of directors,” said Nishant Nair, Founder and CEO of RecVue. “Bobby has been true visionary and instrumental in partnering with innovative companies that are looking to disrupt key market segments. The investment will help us continue our innovation, accelerate growth, and drive customer success.”
Founded in 2015, RecVue’s recurring billing and revenue management platform streamlines and simplifies the complexities of managing subscription and usage-based contracts from opportunity to invoicing. RecVue replaces the error-prone, manual processes and spreadsheets which companies use to manage their complex subscription contracts with a simple and efficient application.
“Although we’ve been in the market for only two years, we already manage $5.5B of annual recurring billing and revenue through our platform,” adds Nair. “We’ve 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. Our early client success is an indicator of what’s to come with this new investment.”