BILL

BILL is a technology company.

Active

Updated: Feb 17, 2026 ·

About

BILL is an AI-powered financial operations platform that streamlines accounts payable, accounts receivable, spend management, and expense tracking for businesses.

Recent News & Mentions

Feb 1, 2015FundingBILL - Series F Nov 1, 2013FundingBILL - Series E Dec 1, 2011FundingBILL - Series D Jun 1, 2010FundingBILL - Series C Aug 1, 2009FundingBILL - Series B Sep 1, 2007FundingBILL - Series B Dec 1, 2006FundingBILL - Series A

Financial History

BILL has raised $111.0M across 7 funding rounds. Most recently, it raised $30.0M Series F in February 2015.

Total Raised

$111.0M

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Nov 1, 2023	Augment	$6.0M Seed	—	20VC, Afore Capital, Ascend Vietnam Ventures, Autotech Ventures, Browder Capital, Countdown Capital, eFounders, Felix Capital, Fireside Ventures, Founders' Co-op, Founders Fund, Kima Ventures, Leap Forward Ventures, Matrix, Motier Ventures, Pareto Holdings, Point Nine Capital, Seven Seven Six, The Hit Forge, Thirty Five Ventures, Yamaha Motor Ventures, Akin Babayigit, Alex Payne, Austin Walters, Cory Levy, Derrick Li, Dharmesh Shah, Maria Raga, Mario Götze, Nicolas Julia, Robin Sabban, Ryan Chan, Thibaud Elziere, Youcef Es-skouri
Jun 1, 2023	Parabola	$24.0M Series B	—	Abstract Ventures, AirAngels, Alt Capital, Andreessen Horowitz, AngelPad, Ascend Vietnam Ventures, Audacious Ventures, Battery Ventures, B Capital Group, Connect Ventures, Craft Ventures, Era Ventures, First Round Capital, Founders' Co-op, Greylock, ICONIQ Capital, LGF, Lightspeed India Partners, Madrona Ventures, Matrix, Merus Capital, MKT1 Capital, mParticle, Norwest Venture Partners, Openview Venture Partners, Paradox Capital, Pareto Holdings, Pear VC, Sapphire Ventures, Stripe, The Hit Forge, Todd and Rahul's Angel Fund, Yamaha Motor Ventures, Y Combinator, Akshay Kothari, Alex Payne, Allison Pickens (Allison Pickens Ventures), Aston Motes, Austin Walters, Chris Murphy, Chris Schagen, Christian Reber, Cristina Cordova, Derrick Li, Dharmesh Shah, Emily Kramer, Eric Wu, Evan Moore, Gokul Rajaram, Immad Akhund, Jon Brelig, Mathilde Collin, Melissa Tan, Mike Hennessey, Mike Hudack, Ron Pragides, Roxanne Varza, Ryan Chan, Saran Chari, Scott Belsky, Stanley Tang, Thibaud Elziere, Tony Xu, Zack Kanter
Apr 1, 2023	PlayAI	$3.0M Seed	—	Adjacent, Amplify Partners, Array Ventures, Ascend Vietnam Ventures, Bond, CapitalX, Compound, Felicis Ventures, Founders' Co-op, Matrix, Race Capital, The Hit Forge, Yamaha Motor Ventures, Adam Gries, Alex Payne, Austin Walters, Derrick Li, Howie Liu, Lukas Biewald, Moshe Lifschitz, Roxanne Varza, Ryan Chan, Thibaud Elziere
Feb 1, 2023	Quell	$10.0M Series A	—	Ascend Vietnam Ventures, Cherubic Ventures, Founder Collective, Founders' Co-op, Heartcore Capital, Matrix, The Hit Forge, Yamaha Motor Ventures, Alex Payne, Austin Walters, Derrick Li, Dharmesh Shah, Elliott Cohen, Roxanne Varza, Ryan Chan, Steph Korey, Thibaud Elziere, TJ Parker
Jan 1, 2023	Colossal Biosciences	$160.0M Series B	—	2xN, 75 & Sunny, 8090 Industries, ACME Capital, Amadeus Capital Partners, ARCH Venture Partners, At One Ventures, BoxOne Ventures, Comal Ventures, Eclipse Ventures, Helium-3 Ventures, Intel Capital, Leawood Venture Capital, LombardStreet Ventures, Madrona Ventures, Maveron, Path Ventures, Prime Movers Lab, Vibe Capital, Wave Financial, WestRiver Group, Elia Montanari, Jeff Bezos, Jeffrey Wilke, Sahil Lavingia, Sahin Boydas, Shervin Pishevar, Thomas Tull
Nov 1, 2022	Simbel	$4.0M Seed	—	Ascend Vietnam Ventures, Brighteye Ventures, eFounders, Foundamental, Founders' Co-op, Matrix, Northzone, Playfair Capital, Seedcamp, Speedinvest, The Hit Forge, Yamaha Motor Ventures, Adam Wiggins, Alex Payne, Austin Walters, Derrick Li, Dharmesh Shah, Jonathan Widawski, Ralph Gootee, Roxanne Varza, Ryan Chan, Thibaud Elziere
Sep 1, 2022	Next Level Burger	$20.0M Venture Round	—	Ascend Vietnam Ventures, Founders' Co-op, Matrix, The Hit Forge, Yamaha Motor Ventures, Austin Walters, Derrick Li, Dharmesh Shah, Roxanne Varza, Ryan Chan, Thibaud Elziere
Jun 1, 2022	Pulley	$4.0M Seed	—	01 Advisors, 11, 75 & Sunny, Accel, Addition, Ascend Vietnam Ventures, Avalon Ventures, Bond, C2 Investment, Conviction Partners, Craft Ventures, Kevin Ding, Dimension Capital, Fifth Wall, Founder Collective, Founders' Co-op, Founders Fund, Freestyle Capital, Greenoaks Capital, Greylock, Haun Ventures, ICONIQ Capital, Innovation Endeavors, In-Q-Tel, Insight Partners, IVP, Jetstream, Khosla Ventures, Kleiner Perkins, Kluz Ventures, LGF, Long Journey Ventures, Matrix, Paradox Capital, Plaid, Primer Sazze Partners, Scale Venture Partners, Sequoia Capital, Spark Capital, Susa Ventures, The Hit Forge, TSVC Capital, XStarPartners, Yamaha Motor Ventures, Alex Payne, Amjad Masad, Anna Yuan, Austin Walters, Bradley Horowitz, Charles Zedlewski, Cristina Cordova, David Mytton, Dharmesh Shah, DJ Patil, Dylan Field, Gokul Rajaram, Greg Brockman, Guillaume Lestrade, Julie Zhuo, Oleg Rogynskyy, Omar El-Ayat, Ron Pragides, Roxanne Varza, Ryan Chan, Sam Altman, Scott Belsky, Thibaud Elziere, Tobias Lutke, Tony Xu, Young Song
May 1, 2022	Tignis	$7.0M Series A	—	Amadeus Capital Partners, Clear Ventures, DN Capital, Engineering Capital, Founders Co-op, Founders' Co-op, Pioneer Square Labs, Sure, Alexander Algard, Fred van den Bosch, Mark Williamson, Sujal Patel
Feb 1, 2022	RightHand Robotics	$66.0M Series C	—	DFJ, Flybridge Capital Partners, Grit Ventures, GV, Menlo Ventures, Momenta Ventures, Next47, Ravelin Capital, Safar Partners, Toyota Ventures, Village Global
Dec 1, 2021	Software.com	$15.0M Series A	—	DFJ, Menlo Ventures, Next47
Dec 1, 2021	Rho	$75.0M Series B	—	Acrew Capital, Amino Capital, Cathay Innovation, Clocktower Technology Ventures, DFJ, DST Global, Forerunner Ventures, Helium-3 Ventures, Homebrew, Hoxton Ventures, Inspired Capital, M13, Mayfield, Menlo Ventures, Motivate Ventures, Next47, Outcast Ventures, PivotNorth Capital, SeaX Ventures, SOSV, Vitalize Venture Group, Austin Ogilvie, Kevin Colas, Sue Xu, Zander Lurie
Jun 1, 2021	Autumn Whispers Ltd	$310K Seed	—	75 & Sunny, ACME Capital, Madrona Ventures, Maveron, WestRiver Group, Shervin Pishevar
Feb 1, 2021	Knock	$20.0M Venture Round	—	75 & Sunny, ACME Capital, Amazon Alexa Fund, Bain Capital Ventures, Energy Impact Partners, Fifth Wall, Madrona Ventures, Maveron, RET Ventures, Spark Capital, WestRiver Group, Jeff Bezos, Michael Lombardi, Shervin Pishevar
Dec 1, 2020	Quell	$3.0M Seed	—	Amity Ventures, Ascend Vietnam Ventures, Cherubic Ventures, Electric Capital, Felicis Ventures, Founder Collective, Founders' Co-op, Heartcore Capital, Lobby Capital, Matrix, The Hit Forge, Yamaha Motor Ventures, Alex Payne, Austin Walters, David Fraga, Derrick Li, Dharmesh Shah, Elliott Cohen, Frederic Kerrest, Roxanne Varza, Ryan Chan, Steph Korey, Thibaud Elziere, TJ Parker
Aug 1, 2020	Parabola	$8.0M Series A	—	Ascend Vietnam Ventures, Founders' Co-op, Matrix, The Hit Forge, Yamaha Motor Ventures, Alex Payne, Austin Walters, Derrick Li, Dharmesh Shah, Roxanne Varza, Ryan Chan, Thibaud Elziere
May 1, 2020	Knock	$12.0M Series B	—	75 & Sunny, ACME Capital, Madrona Ventures, Maveron, WestRiver Group, Jeff Bezos, Shervin Pishevar
May 1, 2020	Siren Care	$12.0M Series B	—	Ascend Vietnam Ventures, Cisco Investments, DCM, Founders' Co-op, G2VP, Matrix, Mithril Capital Management, The Hit Forge, Unusual Ventures, Yamaha Motor Ventures, Alex Payne, Austin Walters, Derrick Li, Dharmesh Shah, Roxanne Varza, Ryan Chan, Thibaud Elziere
Nov 1, 2019	Axie Infinity	$2.0M Seed	—	Ascend Vietnam Ventures, Founders' Co-op, Matrix, The Hit Forge, Yamaha Motor Ventures, Alex Payne, Austin Walters, Derrick Li, Dharmesh Shah, Roxanne Varza, Ryan Chan, Thibaud Elziere
Sep 1, 2019	Inspo Network	$3.0M Seed	—	75 & Sunny, Kevin Hartz, ACME Capital, Broadway Angels, Comeback Capital, DNX Ventures, Flex Capital, Lazerow Ventures, Madrona Ventures, Maveron, quadratura.it, Recursive Ventures, Richmond Global Ventures, Saints Capital, SignalFire, Slow Ventures, SNR, Spark Capital, WestRiver Group, WGI Group, Adam D'Angelo, Brian O'Kelley, Charlie Songhurst, Eric Ries, Eric Stein, Ethan Beard, Evangelos Simoudis, Jay Weintraub, Jeff Bezos, Jeremy Lizt, Joanna Rees, Joe Zawadzki, Kim Perell, Mark Gerson, Ron Hirson, Russell Fradin, Russ Fradin, Scott Faber, Shervin Pishevar, Tien Tzuo, Travis May
Apr 1, 2019	Software.com	$7.0M Venture Round	—	DFJ, Menlo Ventures, Next47
Mar 1, 2019	Knock	$10.0M Series A	—	75 & Sunny, ACME Capital, Madrona Ventures, Maveron, WestRiver Group, Jeff Bezos, Shervin Pishevar
Dec 1, 2018	RightHand Robotics	$23.0M Series B	—	DFJ, Flybridge Capital Partners, Grit Ventures, GV, Menlo Ventures, Momenta Ventures, Next47, Ravelin Capital, Toyota Ventures, Village Global
Jun 1, 2018	Inspo Network	$6.0M Seed	—	75 & Sunny, ACME Capital, B Capital Group, Bessemer Venture Partners, Costanoa Ventures, CRV, Friále, Hannah Grey, Madrona Ventures, Maveron, Streamlined Ventures, Thirty Five Ventures, WestRiver Group, Y Combinator, Dominic Endicott, Frederic Kerrest, Jeff Bezos, Mike Slade, Shervin Pishevar
May 1, 2018	Parabola	$2.0M Seed	—	Abstract Ventures, Alt Capital, Andreessen Horowitz, AngelPad, Ascend Vietnam Ventures, Audacious Ventures, Bessemer Venture Partners, Craft Ventures, Founders' Co-op, M.G. Siegler, KRM Interests LLC, LGF, Matrix, Merus Capital, Openview Venture Partners, Sequoia Capital, Spark Capital, Stripe, The Hit Forge, Thomvest Ventures, Todd and Rahul's Angel Fund, TSVC Capital, Ulu Ventures, Yamaha Motor Ventures, Y Combinator, Akshay Kothari, Alex Payne, Austin Walters, Christian Reber, Cristina Cordova, Derrick Li, Dharmesh Shah, Eric Ver Ploeg, Gokul Rajaram, Immad Akhund, Iqram Magdon-Ismail, John Collison, Jon Brelig, Mathilde Collin, Melissa Tan, MG Siegler, Mike Hennessey, Ning Sung, Rashaun Williams, Roxanne Varza, Ryan Chan, Saran Chari, Scott Belsky, Sumon Sadhu, Thibaud Elziere, Zack Kanter

Funding Rounds Raised

Date	Round	Other Investors
Feb 1, 2015	$30.0M Series F	2048 Ventures, Alpha Edison, American Express Ventures, Emergence Capital, Episode 1 Ventures, Insight Partners, Richmond Global Ventures, Scale Venture Partners, Trinity Ventures, TTV Capital, Janice Roberts, Paul Holland, Peter Moran, Roger Ehrenberg, Todd Ruppert
Nov 1, 2013	$38.0M Series E	2048 Ventures, Alpha Edison, American Express Ventures, Emergence Capital, Episode 1 Ventures, Insight Partners, Richmond Global Ventures, Scale Venture Partners, Trinity Ventures, TTV Capital, Janice Roberts, Paul Holland, Peter Moran, Roger Ehrenberg, Todd Ruppert
Dec 1, 2011	$16.0M Series D	Alpha Edison, Emergence Capital, Trinity Ventures, TTV Capital, Janice Roberts, Paul Holland, Peter Moran
Jun 1, 2010	$9.0M Series C	Alpha Edison, Emergence Capital, Trinity Ventures, TTV Capital, Janice Roberts, Paul Holland, Peter Moran
Aug 1, 2009	$9.0M Series B	Alpha Edison, Emergence Capital, Trinity Ventures, Janice Roberts, Paul Holland, Peter Moran
Sep 1, 2007	$7.0M Series B	Alpha Edison, Emergence Capital, Trinity Ventures, Janice Roberts, Paul Holland, Peter Moran
Dec 1, 2006	$2.0M Series A	Alpha Edison, Trinity Ventures, Janice Roberts, Peter Moran

Financial History

BILL has raised $111.0M across 7 funding rounds.

Total Raised

$111.0M

Valuation

N/A

Deep Dive

High-Level Overview

BILL Holdings, Inc. (NYSE: BILL) is a leading financial technology company providing an AI-powered, cloud-based platform that automates financial operations for small and midsize businesses (SMBs).[1][2][5] Its core products handle accounts payable (AP), accounts receivable (AR), expense management, spend control, invoicing, and payments via ACH, virtual cards, and credit lines up to $5 million, integrating seamlessly with accounting software like QuickBooks to streamline workflows, reduce errors, and optimize cash flow.[1][2][5] Serving over 470,000 SMB customers worldwide, BILL processes $275–290 billion in annual payment volume with $1.4 billion in trailing 12-month revenue as of 2024, demonstrating strong growth momentum post-IPO and key acquisitions like Divvy ($2.5B in 2021) for spend management and Invoice2go ($625M) for mobile invoicing.[2][3]

Origin Story

Founded in April 2006 as Cashboard, Inc. in Palo Alto, California (later renamed Bill.com and rebranded to BILL), the company emerged from founder and CEO René Lacerte's experience building PayCycle, an online payroll software firm he co-founded and led until stepping down as CEO in 2004.[2][3] Lacerte identified the need for cloud-based bill payment and bookkeeping tools for SMBs, securing early funding from investors like August Capital and DCM Ventures.[3] Pivotal moments include its 2019 NYSE IPO raising $216 million (part of $496M total raised), headquarters relocation to San Jose in 2020, and 2021 acquisitions of Divvy and Invoice2go, which expanded its capabilities into expense tracking and freelancer invoicing amid rising demand for digital financial tools.[2][3] By 2025, BILL maintained a market cap around $5 billion despite board governance shifts involving activist investor Starboard.[3]

Core Differentiators

AI-Powered Automation: Uses AI for invoice capture, data entry, approval workflows, error reduction, and automated reminders, enabling payments in under half the time and collections 2x faster while syncing with accounting software.[1][2][5]
Unified Platform: Combines AP, AR, expense management, spend controls, virtual cards (via Divvy), and credit access in one secure hub with encrypted payments, masked bank info, and customizable roles—eliminating paper checks and expense reports.[1][2][5]
Seamless Integrations and Network Effects: Offers Bill.com Connect for white-label embedding in banks' ecosystems; supports 470,000+ customers and millions via the BILL Network, with easy QuickBooks sync praised by users for remote efficiency.[2][3][5]
Scalability for SMBs: Mobile-first tools from Invoice2go serve freelancers/sole proprietors; processes massive volumes securely, with 42 patents in NLP and data processing enhancing intelligent workflows.[1][2]

Role in the Broader Tech Landscape

BILL rides the fintech automation wave for SMBs, capitalizing on digital transformation accelerated by remote work, e-commerce growth, and post-pandemic cash flow pressures, where traditional manual processes like checks hinder 80% of SMBs.[1][2][5] Timing aligns with rising AI adoption in finance—competing with Kyriba and Routable—while market forces like high interest rates and economic uncertainty favor its credit and budgeting tools.[1] BILL influences the ecosystem by enabling banks via white-label solutions, fostering a network effect among suppliers/customers, and driving SMB digitization, with $275B+ payment volume underscoring its scale in a $100B+ AP/AR automation market.[2][3]

Quick Take & Future Outlook

BILL is poised for expansion through AI enhancements, international growth, and deeper enterprise features, potentially boosting revenue beyond $1.4B amid SMB fintech consolidation.[2][5] Trends like embedded finance, regulatory tailwinds for digital payments, and AI-driven treasury tools will shape its path, though competition and board dynamics (e.g., 2025 Starboard nominations) pose risks.[3] Its influence may evolve toward full-stack SMB finance platforms, solidifying its role as the go-to automation hub that began with simplifying bills for businesses everywhere.[1][2]

Sources

Frequently Asked Questions

How much funding has BILL raised?

BILL has raised $111.0M in total across 7 funding rounds.

Who are BILL's investors?

BILL's investors include 2048 Ventures, Alpha Edison, American Express Ventures, Emergence Capital, Episode 1 Ventures, Insight Partners, Richmond Global Ventures, Scale Venture Partners, Trinity Ventures, TTV Capital, Janice Roberts, Paul Holland.