What is BILL?
BILL operates as a premier provider of cloud-based software designed to simplify, digitize, and automate complex back-office financial processes. By streamlining accounts payable, accounts receivable, and spend management, the platform serves as a critical operational layer for small and mid-sized businesses. Its market position is characterized by high-utility integration, enabling organizations to transition away from manual, paper-based workflows toward a fully automated, data-driven financial ecosystem. The company's focus on efficiency and scalability has made it an essential partner for businesses seeking to optimize their cash flow and financial visibility.
How much funding has BILL raised?
BILL has raised a total of $3.3B across 14 funding rounds:
Private Equity
$30M
Private Equity
$50M
Other Financing Round
$30M
Private Equity
$82.5M
Private Equity
$100M
Series D
$200M
Unspecified
$88M
Stock Offering
$216M
Stock Offering
$1.2B
Other Financing Round
$1.3B
Private Equity (2014): $30M, investors not publicly disclosed
Private Equity (2015): $50M with participation from August Capital, American Express, Commerce Ventures, Emergence Capital Partners, Icon Ventures, DCM Ventures, Napier Park Global Capital, BA Venture Partners, and Silicon Valley Bank
Other Financing Round (2015): $30M led by TTV Capital and Emergence Capital Partners
Private Equity (2017): $82.5M, investors not publicly disclosed
Private Equity (2017): $100M featuring August Capital, Emergence Capital Partners, Icon Ventures, Temasek, DCM Ventures, Napier Park, Scale Venture Partners, and JPMorgan Chase
Series D (2018): $200M backed by Temasek
Unspecified (2019): $88M with participation from FLEETCOR, Kayne Anderson Rudnick, Fidelity Investments Canada ULC, Mastercard, Temasek, Cross Creek Advisors, and Franklin Templeton Investments
Stock Issuance/Offering (2019): $216M, investors not publicly disclosed
Stock Issuance/Offering (2021): $1.2B, investors not publicly disclosed
Other Financing Round (2024): $1.3B, investors not publicly disclosed
Key Investors in BILL
Emergence Capital Partners
Emergence is a premier venture capital firm specializing in early-stage enterprise software companies that are fundamentally changing how the world works.
DCM Ventures
DCM Ventures is a global venture capital firm that provides deep expertise and capital to help visionary entrepreneurs build category-defining technology companies.
August Capital
August Capital is a venture capital firm that takes a personal, hands-on approach to investing in fewer, high-potential enterprises to foster transformative business growth.
What's next for BILL?
With the successful completion of its most recent financing round, BILL is well-positioned to accelerate its strategic roadmap. The company is expected to prioritize the expansion of its AI-driven automation capabilities and the enhancement of its cross-border payment infrastructure. By leveraging its robust balance sheet, BILL aims to further solidify its competitive moat, potentially exploring inorganic growth opportunities or deeper integrations within the global financial services network. As the firm continues to scale, the focus will likely remain on maintaining its leadership in the enterprise financial software space while driving long-term value for its diverse stakeholder base.
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