Lago raised $22M in a funding Series A led by FirstMark and seed funding led by SignalFirst to create a flexible and composable billing engine driven by open-source technologies.
Mar 15, 2024•almost 2 years ago
Amount Raised
$22 Million
Round Type
series a
ParisInformation TechnologyInvestors
ScriptAdditionNew WaveY CombinatorSignal FirstFirst Mark
Description
Parisian usage- and subscription-based billing company Lago raised $22 million in funding, including $15 million in Series A led by FirstMark and $7 million in seed funding led by SignalFirst. Additional investors include Y Combinator, New Wave, Addition, Script, and several industry veterans. In connection with the funding round, FirstMark’s General Partner Matt Turck is joining the board.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech