What is Billtrust?
Billtrust Company, headquartered in Lawrenceville, New Jersey, specializes in streamlining the business payment cycle. The company offers a comprehensive suite of solutions designed to automate and optimize accounts receivable and accounts payable processes for businesses. By leveraging technology, Billtrust aims to reduce costs, improve efficiency, and enhance cash flow for its clients, positioning itself as a key enabler of digital transformation in financial operations.
How much funding has Billtrust raised?
Billtrust has raised a total of $611M across 7 funding rounds:
Series A
$5M
Other Financing Round
$4M
Series B
$25M
Series C
$25M
Series D
$50M
Stock Offering
$127M
Debt
$375M
Series A (2006): $5M with participation from Edison Venture Fund
Other Financing Round (2006): $4M led by Edison Partners
Series B (2012): $25M supported by Bain Capital Ventures
Series C (2015): $25M featuring Bain Capital Ventures and Goldman Sachs
Series D (2017): $50M backed by Riverwood Capital
Stock Issuance/Offering (2021): $127M, investors not publicly disclosed
Debt (2022): $375M led by Owl Rock Capital, Sixth Street, and Monroe Capital Management Advisors
Key Investors in Billtrust
Edison Partners
Edison Partners is a growth equity firm that focuses on partnering with companies at critical moments in their growth journey, providing capital and operational expertise to accelerate scaling.
Bain Capital Ventures
Bain Capital Ventures is a leading private investment firm with a global platform, specializing in growth and venture capital, and committed to driving innovation and exceptional outcomes for its portfolio companies.
Owl Rock Capital
Owl Rock Capital is a specialty finance company focused on lending to U.S. middle-market companies, providing flexible capital solutions.
What's next for Billtrust?
The recent major strategic investment signals a new phase of growth for Billtrust. This capital injection will likely be directed towards enhancing its technology platform, expanding its market reach, and potentially pursuing strategic acquisitions. As the company continues to scale, it is poised to further solidify its leadership in the payment cycle management sector, adapting to evolving market demands and client needs.
See full Billtrust company page
