Friday, March 14, 2008

Zuora, Inc., a new company that simplifies online subscription services received a $6.5 million Series A round

What Company Is Offering:
Zuora has created an on demand platform designed to simplify the way online subscription services are purchased, billed, and provisioned.It replaces the cumbersome manual processes or expensive billing systems employed today with a hosted solution that delivers the flexibility and simplicity needed to conduct seamless, ongoing customer transactions. Using Zuora, online service providers can now easily offer tailored subscription services that adapt to changing customer needs.

How Much They Got From VCs:
Zuora, Inc., a new company that simplifies online subscription services, announced that it received a $6.5 million Series A round of funding led by Benchmark Capital. Additional investors include founders from and WebEx. Zuora plans to use the funds to successfully deploy its next-generation platform, to further drive product development, and to expand sales and marketing programs. Benchmark Capital general partner Peter Fenton will join the company's board of directors.

About VCs:
Benchmark Capital, a leading international venture capital firm, was founded in 1995 to help talented entrepreneurs with original ideas build successful technology companies. Benchmark's general partners take a team-oriented, labor-intensive approach to venture investing to deliver a superior level of service to the firm's portfolio companies. Benchmark's portfolio includes high-profile start-ups like Infinera, MySQL, OpenTable, Second Life, Tellme, Yelp, and Zillow, and franchise companies such as eBay, Juniper Networks and Red Hat. The firm manages nearly $2.8 billion in committed venture capital. For more information on Benchmark Capital, visit its website at

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