Bill.com Raises $8.5 Million in Series C Funding

Bill.com Inc., a Palo Alto, California – based leading provider of online bill management and payment for accounting firms and SMEs has raised $8.5 million in Series C funding. The new funding was spearheaded by JAFCO Ventures and was followed by return backers DCM, Emergence Capital and August Capita.

“The Series C financing is an exciting development for Bill.com and its customers,” said founder and CEO Rene Lacerte. “Having raised money last summer this was an opportunistic financing driven by our exceptional results over the last year. The additional capital will be used to accelerate our tremendous growth while continuing to build out what we think is a very unique solution for SMBs and CPA firms who need to drive more efficiency into their day-to-day financial tasks of paying vendors and getting paid.”