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Ambiq Propels Remote Healthcare Monitoring Sector Growth with New Ultra-Low Power Processors

Ambiq Propels Remote Healthcare Monitoring Sector Growth with New Ultra-Low Power Processors

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Billing startup Chargebee becomes a unicorn with Tiger funding

Chargebee enters unicorn club with $125 million funding from Tiger Global, others
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Synopsis
The subscription billing and revenue management platform is looking to expand its global footprint and further add to its partnership network.
ETtech
Chargebee is the latest Software-as-a-service (SaaS) company to reach
unicorn status with its announcement on Tuesday about raising $125 million in series G funding, which triples its valuation in less than six months, pushing it to $1.4 billion.
The subscription billing and revenue management platform is looking to expand its global footprint and further add to its partnership network. The company said that the global pandemic has accelerated the already growing shift to SaaS and subscription-based business models from cars to coffee providers. It said that the demand for moving into a recurring revenue stream is expected to grow at a 17.5% CAGR over the next five years.

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Tiger mints another unicorn

Tiger mints another unicorn
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Tiger Global cannot stop minting
unicorns in India. But no one’s complaining, definitely not the six billion-dollar entities the New York-based investment firm has created just this year.
Also in this letter:
Chargebee joins 2021 unicorn parade
Billing startup Chargebee Inc. has raised $125 million in funding and boosted its valuation to $1.4 billion, making it the latest entrant in India’s unicorn club.
The funds will help the firm scale globally as customers hasten their shift to subscription-based services, Chargebee said in a statement today. Who are the backers? Insight Venture Partners, Sapphire Ventures, and Tiger Global, which has developed a knack for spotting soonicorns. It has already minted five unicorns in India this year: Sharechat, Innovaccer, Infra.Market, Gupshup and Groww.

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