Zuora Raises $20M
Zuora, a Redwood-City, CA-based provider of subscription billing software, said today that it has closed a $20 million Series C funding round. Redpoint Ventures was in the lead, and existing investors Benchmark Capital, Shasta Ventures, Tenaya Capital, and Marc Benioff also participated. The company said it will use the funds to expand in Europe, the Middle East, and Asia, and to “dramatically expand” its selection of billing systems for specific industries. The company’s total venture pot now stands at $41.5 million.