Lago Pitch Deck To Raise $15M in Series A Funding For Open-Source Billing
Company Background:
Paris-based Lago, an open-source billing startup, empowers developers and finance teams with usage-based billing and metering solutions. Their modular and scalable platform simplifies complex billing scenarios, making it ideal for subscription and hybrid pricing models.
Founded in 2021 by ex-Qonto employees, Lago aims to be the open-source alternative to traditional payment processors. After attracting clients like AI startup Mistral, Lago successfully closed a $15 million Series A funding round led by FirstMark, with additional investment from Y Combinator. This brings their total funding to $22 million as of May 2024.
Business Model & Funding Summary:
- Industry: Fintech
- Business model: B2B
- Year: 2024
- Amount raised: $15M
- Stage: Series A
Pitch Deck Used:
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