Metronome, a San Francisco-based usage-based billing platform for software companies, has raised $50 million in Series C funding, bringing its total raised to $128 million.
Investors
The round was led by NEA, with participation from a16z, Greyhound Capital, General Catalyst, Workday Ventures, Truebridge Capital Partners, Activant Capital, SineWave Ventures, and Megalith Ventures.
New Enterprise Associates (NEA) is a global venture capital firm founded in 1977, managing over $25 billion in assets. NEA invests across technology and healthcare companies at all stages, from seed to IPO, and has supported over 280 IPOs and more than 465 mergers and acquisitions.
Metronome Use of Funds
The company will use the funding to accelerate R&D, expand its team, and enhance its platform.
About the Company
Founded in 2019, Metronome provides a usage-based billing platform that helps software companies streamline their pricing and billing processes, enabling faster product launches and iterations. The updated platform, Metronome 2.0, launched in October, offers enhanced features for flexibility and scalability, supporting diverse billing models like self-serve, complex enterprise contracts, and cloud marketplaces. Notable clients include OpenAI, Anthropic, Databricks, Confluent, NVIDIA, and Ideogram.
Funding Details
Company: Metronome Technologies, Inc.
Raised: $50.0M
Round: Series C
Funding Date: February 2025
Lead Investor: NEA
Additional Investors: a16z, Greyhound Capital, General Catalyst, Workday Ventures, Truebridge Capital Partners, Activant Capital, SineWave Ventures, Megalith Ventures
Company Website: https://metronome.com/
Software Category: Subscription Billing
Source: https://www.businesswire.com/news/home/20250225320307/en/