Ordway Labs
Latest round
- Series A
Last raised
- Feb 2020
Total raised
- $13M
Investors
- 7
About Ordway Labs
Ordway, Inc.Founded in 2018 and headquartered in Washington, US, Ordway, Inc. focuses on automating billing and revenue recognition for companies, particularly in the SaaS and fintech sectors. The company was co-founded by Sameer Gulati, who has a background in technology startups.Ordway offers a comprehensive Order-to-Revenue Automation platform designed to streamline billing and revenue recognition for businesses with innovative subscription and consumption-based models. The core product suite includes features for subscription billing, usage-based billing, and revenue recognition, effectively automating complex pricing structures, invoicing, and accounting processes. With capabilities to handle multi-tiered pricing, prepaid plans, and variable usage dynamics, Ordway caters primarily to Software as a Service (SaaS), fintech, and cloud-based companies. The platform integrates seamlessly with third-party CRM, ERP, and accounting applications, ensuring a cohesive workflow from sales order capture to financial reporting.Ordway generates revenue primarily through its subscription-based pricing model, which allows clients to access its Order-to-Revenue Automation platform for a recurring fee. Clients engage in transactions structured around service agreements that encompass various pricing models such as per-user pricing, tiered plans, and usage-based charges. For example, a SaaS company may utilize Ordway's platform to automate the invoicing process for customers who are billed monthly based on their usage levels. The company's flagship offerings, including its Subscription Billing Software and Revenue Recognition tools, facilitate timely cash collection and accurate financial reporting, further enhancing the customer experience.As part of its strategy for future growth, Ordway plans to enhance its platform with new features that are currently under development, though specific release dates have not been disclosed. The company aims to expand into new markets, particularly targeting increased presence in Europe and Asia by 2022. In August 2026, Ordway, Inc.
Who invested in Ordway Labs
7 investors across 2 rounds
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Questions about Ordway Labs
Who invested in Ordway Labs?
Ordway Labs has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ordway Labs raised?
Ordway Labs has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Ordway Labs last raise money?
Ordway Labs's most recent round on record is a Series A, in Feb 2020.
What does Ordway Labs do?
Ordway Labs is a software company.
Where is Ordway Labs headquartered?
Ordway Labs is headquartered in Washington, US.
Which VCs invest in companies like Ordway Labs?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Ordway Labs's stage. Their profiles are linked below.
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