# RightRev

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

- Industry: Software
- Headquarters: Roseville, US
- Website: www.rightrev.com
- Total disclosed funding: $30M
- Latest round: Series A (May 5, 2025)
- Investors on record: 8

## About

RightRev Inc. is a US-based company specializing in automated revenue recognition software, facilitating compliance with ASC 606 and IFRS 15 standards while optimizing financial operations for businesses.Founded in 2020 in Roseville, US, RightRev Inc. provides software solutions that automate complex revenue recognition tasks. Jagan Reddy, who also serves as the CEO, leads the company. RightRev has successfully completed a total of 3 deals, including a Series A funding round in May 2025, raising USD 13.000 mn from investors such as Cheyenne Partners, Innovius Capital, Norwest Venture Partners, Salesforce Ventures, and Snowflake Ventures.RightRev's main product offering is its automated revenue recognition software, designed to facilitate compliance with ASC 606 and IFRS 15 standards while streamlining financial operations. The software automates various complex revenue recognition tasks, freeing accounting teams from manual processes and enabling a focus on high-value activities such as revenue analysis. RightRev’s platform is known for its flexibility, allowing users to configure revenue recognition rules that align with their specific performance obligations without requiring coding expertise. The solution supports a diverse range of revenue models including subscriptions, usage-based pricing, and service contracts, effectively managing high transaction volumes across these various models. RightRev serves clients in multiple geographical markets, including North America, Europe, and Asia, targeting industries that handle complex revenue scenarios such as technology, SaaS, and services. Notable customers include well-established firms like Epicor and Docebo, reflecting the software's capability to meet the nuanced needs of organizations with sophisticated revenue recognition requirements.RightRev generates revenue through a SaaS-based model, primarily focusing on B2B transactions with its clients. The company offers its flagship automated revenue recognition software as a standalone product and as a solution integrated with Salesforce, enhancing its appeal to enterprises already utilizing CRM systems. Clients typically engage with RightRev via subscription agreements, where they pay periodic fees for access to the software, support, and updates. This subscription model is designed to accommodate varying client needs, ensuring scalability as businesses expand their revenue processes. With its ability to handle high transaction volumes efficiently, RightRev is positioned to support organizations with diverse revenue streams, contributing to a robust and recurring revenue structure.In May 2025, RightRev Inc. raised USD 13.000 mn in Series A funding co-led by Cheyenne Partners and Innovius Capital, along with returning investors. The company plans to use this funding to enhance product development, expand go-to-market efforts, grow its partner ecosystem, and expand AI capabilities. RightRev is focused on launching new products to strengthen its market position and aims to target new geographic regions, which are currently under development.

## Funding rounds

- Series A, May 5, 2025, $13M — Norwest Venture Partners, Cheyenne Ventures, Salesforce Ventures, Innovius Capital, Snowflake Ventures
- Seed, Jul 11, 2023, $12M — Norwest Venture Partners, IDEA Fund Partners, Correlation Ventures, Salesforce Ventures, Snowflake Ventures
- Seed, Nov 2, 2021, $5M — Norwest Venture Partners, IDEA Fund Partners, Correlation Ventures, Two Sigma Investments, Salesforce Ventures

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Seed, Series A
- IDEA Fund Partners (https://capitalatlas.ai/funds/idea-fund-partners) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Seed, Series A
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Seed, Series A
- Cheyenne Ventures (https://capitalatlas.ai/funds/cheyenne-ventures) — Series A
- Innovius Capital (https://capitalatlas.ai/funds/innovius-capital) — Series A