# MetraTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metratech

- Industry: Software
- Headquarters: Waltham, US
- Website: www.metratech.com
- Total disclosed funding: $59M
- Latest round: Series A (Sep 16, 2012)
- Investors on record: 6

## About

MetraTech is a software company specializing in business operations and billing solutions, enabling organizations to streamline their financial processes through innovative technology.MetraTech provides software solutions focused on business operations and billing processes. The company was acquired by Ericsson in July 2014 for an undisclosed sum. Headquartered in Waltham, US, MetraTech has executed a total of 6 deals, with a notable Series A funding round in which it raised USD 30.00 mn from investors including Accel, Meritech Capital Partners, and Vesbridge Partners, marking the total amount raised at USD 30.00 mn.MetraTech offers advanced software solutions designed to optimize billing and operational processes for businesses. Their products cater to various sectors, enabling organizations to manage complex billing systems efficiently and enhance operational workflows. The solutions are tailored to meet specific business needs, including real-time billing, invoicing, and customer engagement tools.The revenue model of MetraTech is centered around providing its software solutions to businesses, generating income through licensing fees and service agreements. The company focuses on maintaining long-term client relationships, ensuring a steady stream of revenue from its software offerings and ongoing support services.MetraTech plans to innovate and expand its product offerings, with new software solutions in development set to launch by mid-2025. The company aims to penetrate additional markets in North America and Europe, leveraging recent funding to enhance its product development and marketing efforts, following the acquisition by Ericsson in July 2014. This strategic growth initiative is expected to bolster its presence in the competitive software landscape.

## Funding rounds

- Series A, Sep 16, 2012, $30M — Accel, Meritech Capital Partners, Vesbridge Partners
- Series D, Sep 1, 2005 — Accel, Meritech Capital Partners, Vesbridge Partners
- Series B, Apr 11, 2000, $23M — Accel, Alcatel-Lucent Ventures, Meritech Capital Partners, St. Paul Venture Capital, Vesbridge Partners, Bessemer Venture Partners
- Series A, Dec 17, 1998, $6.1M — Accel, St. Paul Venture Capital, Bessemer Venture Partners

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series D
- St. Paul Venture Capital (https://capitalatlas.ai/funds/st-paul-venture-capital) — Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B
- Alcatel-Lucent Ventures (https://capitalatlas.ai/funds/alcatel-lucent-ventures) — Series B
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series B, Series D, Series A
- Vesbridge Partners (https://capitalatlas.ai/funds/vesbridge-partners) — Series B, Series D, Series A