Deal of the day: Billtrust (Hamilton NJ) raises $25 million from Bain Capital Ventures

Tom Paine
Follow @phillytechnews

Billtrust, a Hamilton, NJ-based provider of SaaS outsourced billing services, announced this morning that it had received a $25 million investment from Bain Capital Ventures. This brings the total investment in Billtust to $30 million; Edison Ventures had led a previous round. Matt Harris, managing partner of Bain Capital Ventures, will join Billtrust’s board of directors. Billtrust says its revenue grew ten fold over a five year period.

Billtrust says the capital will be used for strategic acquisitions. It provides electronic billing services for both consumers and businesses, but in the press release Bain Capital Ventures' Harris emphasized that "Billtrust is the first company we have seen that is so well positioned to dominate the enterprise market."

Founded 11 years ago, Billtrust is led by CEO Flint Lane. Hamilton is located outside
of Trenton.

Billtrust Press Release (pdf)



permalink