The round was co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners, along with participation from existing investors. With this round of funding, Chargebee is now valued at $1.4 billion, a 3x growth in valuation since their previous round of funding less than six months ago.

Chargebee automates revenue operations of high-growth, subscription-based business. Its SaaS platform helps 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 1,800 companies in 53 countries using more than 120 currencies.