Chargebee, the subscription billing and revenue operations platform powering thousands of fast-growth subscription businesses, today announced a new $55M Series F funding round led by Insight Partners. The current round of funding includes participation from existing investors, bringing the total funding raised to date to $105M.

The current round of financing coincides with the global surge in businesses from startups to enterprises deploying subscription services. With this investment, Chargebee will enhance its product and integration ecosystem to enable these businesses to experiment and launch increasingly sophisticated revenue models.

Chargebee automates revenue operations of high-growth, subscription-based business. Its SaaS platform helps SaaS, ecommerce and subscription-based businesses manage and grow their revenue by automating subscriptions, billing, invoicing, payments and revenue recognition processes and it provides key reports, metrics and insights into their subscription business. Founded in 2011, Chargebee is used by over 2,500 companies globally including businesses like Freshworks, Pret-a-manger and Study.com. For more information, visit www.chargebee.com or follow us on Twitter @chargebee.