# MATRIXX Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matrixx-software

- Industry: Telecoms
- Headquarters: Foster City, US
- Website: www.matrixx.com/
- Total disclosed funding: $62M
- Latest round: Series C (Jan 29, 2018)
- Investors on record: 9

## About

Based in the US, MATRIXX Software, Inc. provides advanced billing and monetization solutions specifically designed for the telecommunications industry, enhancing operational efficiency through real-time processing capabilities.MATRIXX Software, Inc. specializes in delivering innovative billing solutions for telecommunications. Founded in 2009 in Foster City, US, by Dave Labuda and Jennifer Kyriakakis, the company has engaged in 8 funding deals. In October 2021, MATRIXX raised USD 50 mn in GROWTH funding from Francisco Partners, bringing its total funding to USD 50 mn.MATRIXX Software specializes in providing advanced billing and monetization solutions for the telecommunications industry through its core offerings, including MATRIXX Dynamic Billing and MATRIXX Converged Charging and Monetization. These products leverage a unified, high-performance platform designed to enhance billing processes by allowing for real-time processing of diverse billing items, such as usage-based charges, subscriptions, and one-time fees. The company aims to address the challenges posed by legacy billing systems, which often create operational inefficiencies and hinder innovation. By offering click-not-code configurability, MATRIXX empowers telecommunications companies to swiftly adapt their billing structures to changing market demands and customer needs. Their solutions serve a wide range of customers, including consumer service providers, large enterprises, and wholesale telecommunications partners across various geographic markets, including North America, Europe, Asia-Pacific, and Latin America.MATRIXX Software generates revenue primarily through the sale of its software solutions and services, with a focus on subscriptions and partnerships. Clients typically engage the company through multi-year contracts for its MATRIXX Dynamic Billing platform, which facilitates real-time billing and revenue management tailored to the specific needs of telecommunications operators. Transactions are structured around service agreements that encompass ongoing support, software updates, and additional features as required by the client. MATRIXX also collaborates with partners to offer integrated solutions, enhancing their value proposition in the market. As companies adopt MATRIXX's flagship offerings, they can streamline their revenue operations, enabling a more dynamic approach to billing and customer engagement.In October 2021, MATRIXX Software, Inc. raised USD 50 mn in GROWTH funding from Francisco Partners. The company will utilize this funding to accelerate research and development for product innovation and to expand into adjacent markets and customer segments. Specific plans include designing new products, enhancing existing solutions, and targeting expansion in emerging markets over the next few years, although specific release dates and market locations have not been detailed.

## Funding rounds

- Series C, Jan 29, 2018, $40M — Adams Street Partners, Spring Lake Equity Partners, Greylock Partners, Sutter Hill Ventures, Tugboat Ventures, CK Hutchison Holdings, Titanium Ventures, Swisscom Ventures
- Series B, May 28, 2014 — Adams Street Partners, Innovacom, Greylock Partners, Tugboat Ventures, Titanium Ventures, Swisscom Ventures
- Series A, Sep 30, 2011, $13M — Adams Street Partners, Innovacom
- Series A, Mar 8, 2010, $9M — Greylock Partners, Tugboat Ventures

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A, Series B, Series C
- Tugboat Ventures (https://capitalatlas.ai/funds/tugboat-ventures) — Series A, Series B, Series C
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series A, Series B, Series C
- Innovacom (https://capitalatlas.ai/funds/innovacom) — Series A, Series B
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series B, Series C
- Swisscom Ventures (https://capitalatlas.ai/funds/swisscom-ventures) — Series B, Series C
- Spring Lake Equity Partners (https://capitalatlas.ai/funds/spring-lake-equity-partners) — Series C
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series C
- CK Hutchison Holdings — Series C