Zuora Raises $36 Million to Expand Subscription Billing Services
Published on: 17th Nov 2011
Note -- this news article is more than a year old.
By: Ian Mansfield
A subscription payments service provider Zuora says that it has raised USD36 million in a Series D round of funding. So far the company has raised USD82.5 million in funding.
Zuora is also expanding its European presence across the Netherlands, Germany, France and Ireland with new offices, staff and strategic partnerships. Zuora has already signed over EUR 2 billion ($2.7 billion) in contracted subscription revenue with customers across the EMEA region.
"We are clearly shifting from a product economy to a Subscription Economy, and Zuora has cemented an early leadership position in helping companies tackle this transformation," said Volpi. "I have been amazed at the execution and pace of innovation Zuora has achieved in such a short period of time. Zuora has the team, technology and vision to build the next great software company."