Subscription Billings Platform Zuora Nabs $36M From Index, Greylock At $300M-Plus Valuation

Zuora, a SaaS startup that offers online services to manage and automate customer subscriptions and payments, has raised $36 million in new funding from Index Ventures, Greylock Partners, Workday CEO and founder Dave Duffield, Benchmark Capital, Redpoint Ventures, Shasta Ventures, Tenaya Capital and Salesforce CEO Marc Benioff. This brings the company's total funding to over $80 million. We hear that Zuora's valuation is above $300 million but below $500 million. Launched in 2008, Zuora?s cloud-based billings platform aims to alleviate the need for online businesses to develop their own billing systems, especially to handle recurring payments like those associated with subscriptions.

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