Paris-based Hyperline, which offers a comprehensive billing platform designed to streamline financial operations for businesses, has secured $10 million in a seed funding round led by Index Ventures.
- Founded in 2022 by Lucas Bédoût and Clément Garbay, Hyperline develops a flexible, end-to-end billing and revenue management platform tailored to streamline financial operations for software businesses.
- The platform allows finance teams to automate processes such as billing, invoicing, revenue management, cash collection, and pricing, while providing the flexibility to create custom billing plans and adapt to customer demands.
- Since its first $4.4 million funding round in June 2023, its client base has grown 20-fold to over 150 businesses, including Infinit, Veesion, and Gladia, serving customers with up to $100m ARR globally.
Details of the deal
- The seed extension round was led by Index Ventures, a London-based VC that recently raised $2.3 billion across two new funds: an $800 million fund and a $1.5 billion growth fund.
"This team is moving fast and responding to a real pain point faced everyday by these businesses. We’re excited to support them as they dig deeper into the market opportunity where the transaction volumes are in the trillions and growing," Claims Julia Andre, Partner at Index Ventures.
- Adelie Capital, a Paris and London-based VC that invests between €2 million and €10 million in technology companies across Europe, also supported this round.
- Hyperline plans to use the funding to scale distribution, meet growing demand, and enhance its platform, helping businesses efficiently manage their revenue process and drive growth.
"Our team and product are in place and the feedback from customers is beyond expectations, so we’re excited to scale our distribution engine and extend our reach beyond the early adopters," CEO of Hyperline Lucas Bédout, commented.
