Fusebill nabs $6m for SME billing platform

Ontario-based Fusebill has raised $6m in a Series A round of funding. The capital for the SME subscription billing platform comes from individual backers.

ScaleUp Ventures general partner Kent Thexton and Langdell Investments principal Pratik Budhdev will join the company’s board as a result of the deal.

Fusebill claims it has doubled its revenue every year since it was founded in 2011, having reportedly attracted hundreds of clients.

The Canadian company says the funding will be used to drive product development with the company focusing on serving businesses that are monetising the internet of things.

It will also invest in expanding its global footprint through sales hires.

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