Zenskar Raises $3.5M in Seed Funding Led by Bessemer Venture Partners

Flexible billing platform for SaaS companies Zenskar has raised $3.5 million in a seed funding round led by Bessemer Venture Partners, with participation from Shine Capital, Basecamp Fund and Converge. The company plans to invest in engineering talent, accelerate product development and advance its go-to-market initiatives.

The New York and Bengaluru-headquartered company offers a flexible billing platform that enables SaaS companies to handle complexities in pricing that include usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, post-paid, ramp deals, and so on.

As global SaaS spending continues to increase, pricing is evolving from vanilla subscriptions to granular, consumption-based pricing. Often, product launches and pricing changes get delayed because of limitations with billing tools. Hence, SaaS companies devote significant engineering resources to automating their billing processes. Zenskar not only overcomes these billing-related limitations but also further automates accounting, streamlines receivables management workflows, and provides robust analytics.