BillingPlatform racks up $18 mln from Columbia Capital

Englewood, Colorado-based BillingPlatform, a provider of cloud-based quote-to-cash solutions, has raised a total of $18 million from Columbia Capital. The company has secured an initial $4 million commitment from Columbia with the firm planning to invest an additional $14 million in BillingPlatform. Also, BillingPlatform has named Dennis Wall as CEO. Wall joined BillingPlatform in January 2017 as its chief revenue officer.

PRESS RELEASE

Englewood, Colorado (August 29, 2017) BillingPlatform, the agile monetization company, has drawn an initial $4 million from the funding commitment provided by Columbia Capital. The investment comes at a time of rapid growth for BillingPlatform and widespread interest in agile monetization among enterprises and emerging companies. The money will be used on sales and marketing, product development and support for BillingPlatform’s global customer base. Columbia plans to invest an additional $14 million in BillingPlatform over the next 18 months.