Fusebill raises $6 million in Series A Round
Fusebill, the Ottawa, Ontario-based subscription management platform, announced that it has raised $6 million in a Series A funding round.
The funding, led by ScaleUp Ventures and Langdell Investments and participation from past investors OMERS Ventures and BDC Capital, will be use to bolster product development, accelerate global sales expansion and scale ahead of increasing demand, said Fusebill.
As part of the funding, Kent Thexton, General Partner at ScaleUp Ventures, and Pratik Budhdev, Principal at Langdell Investments, join Fusebill’s Board of Directors. Thexton will serve as Chairman of the Board.
Fusebill provides subscription, one-off and custom billing management services. The company says it has more than doubled its revenue each year since it began in 2011.
LaBarge Weinstein acted as counsel to Fusebill with a team that included Michael Dunleavy, Tayyaba Khan and Jordan Potechin.
For more information, read the press release or the news story in the Ottawa Business Journal.