PALO ALTO, Calif., Sept. 25, 2017 /PRNewswire/ -- Recvue, a Palo Alto, Calif.- based recurring revenue and billing management platform, announced today they raised $2 million in funding to accelerate growth. Cota Capital led the round.
"I'm proud to announce our funding, and that Bobby Yazdani will be joining our board of directors," said Nishant Nair, Founder and CEO of Recvue. "Bobby has been true visionary and instrumental in partnering with innovative companies that are looking to disrupt key market segments. The investment will help us continue our innovation, accelerate growth and drive customer success."
Founded in 2015, Recvue's recurring revenue management platform streamlines and simplifies the complexities of managing subscription and usage-based contracts from opportunity to invoicing. Recvue replaces the error-prone manual processes and spreadsheets which companies use to manage their complex subscription contracts with a simple and efficient application.
"Although we've been in the market for only two years, we already manage $5.5B of annual recurring revenue through our platform," adds Nair. "We've taken our 20+ years of experience implementing contract management and billing solutions for fast growing companies and paired that with modern-day technologies to build a first-class, vendor agnostic solution that works within any technology stack. Our early client success is an indicator of what's to come with this new investment."
RECVUE helps enterprises unlock their recurring revenue growth potential by making it easier for companies to book, bill, forecast and manage new contracts, upsells, renewals, adjustments, change requests and complex pricing rules. RECVUE's open integration platform helps connect CRM, ERP and Fulfillment systems, automating the Opportunity-to-Invoicing process. RECVUE's unique insight engine helps you define your key performance metrics and provides business critical information at your fingertips.