3 years ago

M3ter Secures $17.5 Million to Revolutionize SaaS Pricing with Usage-Based Model

  • London-based startup M3ter has raised $17.5 million in a seed funding round led by Kindred Capital, Union Square Ventures, and Insight Partners

  • The company offers a usage-based subscription service for software products, providing the infrastructure for businesses to track data usage and automate billing

  • M3ter plans to use the funding to expand its team in Europe and the US and target new markets.

      • ProblemTechnology

      "Software-as-a-service (SaaS) businesses struggle to implement and manage usage-based pricing models effectively."

      Solution

      "M3ter provides the technical infrastructure for SaaS businesses to easily implement, manage, and automate usage-based pricing, including data usage calculation, cost breakdowns, billing cycles, and CRM integration."

      Covered on