Zylo announced today that it has raised $31.5 million in Series C funding led by venture capital team Baird Capital with Spring Lake Equity Partners, Bessemer Venture Partners, Menlo Ventures, High Alpha and Coupa, bringing the startup’s total investment to $64 million to date.
The startup Zylo is the first paid subscription manager of its kind for businesses. Last summer, it took home the Mira Awards in the Scaling of the Year category.
Zylo is one of the leading SaaS solution management services (learn more about SaaS marketing). Its main goal is to provide large companies with an overview of the paid software they use, which will help management control the costs of paid subscriptions.
The startup, created at startup studio High Alpha, was a trailblazer in its category. According to the project’s founder and CEO, Eric Christopher, market players discovered the niche’s potential only after Zylo was launched.