# Chrome River Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chrome-river-technologies

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.chromeriver.com
- Total disclosed funding: $120M
- Latest round: Series D (Jun 25, 2015)
- Investors on record: 4

## About

Chrome River Technologies, Inc. specializes in providing cloud-based expense management and invoice processing solutions for enterprises, enhancing efficiency and compliance in financial operations.Founded in 2007 in Los Angeles, US, Chrome River Technologies, Inc. offers advanced expense management solutions. In March 2019, the company merged with Certify, Inc. for USD 1 billion, forming Certify, Inc. / Chrome River Technologies, Inc. The merger included major stakeholders such as K1 Investment Management, which now holds a majority stake alongside Bain Capital Ventures, which retains a minority stake. The CEO of the company is Marne Martin.Chrome River Technologies offers a comprehensive suite of products designed to streamline expense management, travel management, and invoice processing for enterprises and global organizations. Their flagship platform incorporates advanced features that enhance reimbursement and reconciliation processes, optimizing compliance and reducing operational costs. The platform's user-friendly interface facilitates automation of expense reporting, allowing team members to manage receipts and approvals via mobile devices, which accelerates reimbursement times. Chrome River serves a diverse clientele, including corporations such as Harman, and targets North America and Europe for its operations.Chrome River generates revenue primarily through subscription-based models for its suite of products, including its core solutions for Travel Management and Invoice Management. Clients engage in annual contracts that provide access to the platform's comprehensive features. The pricing structure includes tiered plans to accommodate different organizational sizes and requirements, ensuring that enterprises can select options aligned with their budgets and operational goals.Following the merger on March 5, 2019, with Certify, Inc., Chrome River Technologies aims to leverage the combined resources for future product development and market expansion. The recent funding will support the launch of new products tailored for enhanced automation and compliance in financial operations. The company is also focusing on expanding its presence in additional markets across Europe and Asia by the end of 2023, ensuring a wider reach for its solutions.

## Funding rounds

- Series D, Jun 25, 2015, $100M — Great Hill Partners
- Series C, Jan 14, 2014, $17M — First Analysis, Bain Capital, Argentum
- Series B, Apr 30, 2012, $2.7M — First Analysis, Argentum

## Investors

- First Analysis (https://capitalatlas.ai/funds/first-analysis) — Series B, Series C
- Argentum (https://capitalatlas.ai/funds/argentum) — Series B, Series C
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series C
- Great Hill Partners (https://capitalatlas.ai/funds/great-hill-partners) — Series D