What is Chrome River Technologies?
Founded in 2007 and headquartered in Los Angeles, California, Chrome River Technologies is a prominent American software-as-a-service (SaaS) company. It specializes in developing robust expense reporting and supplier invoice automation solutions tailored for mid-size to large commercial enterprises, non-profit organizations, and higher education institutions globally. The company's platform aims to streamline financial operations, enhance compliance, and improve efficiency for its diverse clientele.
How much funding has Chrome River Technologies raised?
Chrome River Technologies has raised a total of $154.4M across 4 funding rounds:
Series B
$2.4M
Series C
$17M
Series D
$100M
Private Equity
$35M
Series B (2012): $2.4M with participation from First Analysis
Series C (2013): $17M led by Bain Capital Ventures, Argentum, and First Analysis
Series D (2015): $100M supported by Great Hill Partners
Private Equity (2017): $35M featuring Great Hill Partners, Argentum, First Analysis Corporation, and Bain Capital LLC
Key Investors in Chrome River Technologies
Great Hill Partners
Great Hill Partners is a prominent private equity firm known for investing in growth-stage companies across various sectors, including software and financial technology. Their involvement suggests a focus on scaling operations and market expansion.
First Analysis Corporation
First Analysis Corporation operates as a venture capital firm, specializing in providing private equity investments to technology and software companies. Their participation indicates a belief in Chrome River's technological innovation and market potential.
Bain Capital LLC
Bain Capital is a global private investment firm with a broad platform including private equity and venture capital. Their investment highlights Chrome River's significant market presence and potential for substantial returns, aligning with Bain Capital's strategy of backing market leaders.
What's next for Chrome River Technologies?
With the recent influx of capital, Chrome River Technologies is poised for accelerated growth. The strategic investment signals confidence from its backers in the company's trajectory and its ability to capture a larger share of the corporate spend management market. Expect Chrome River to potentially enhance its product offerings, expand its market reach through new partnerships or acquisitions, and further solidify its competitive advantage in providing sophisticated financial automation tools.
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