# Billtrust funding: rounds and investors > Billtrust has raised $104M across 4 rounds since 2006. Investors include Bain Capital Ventures, Goldman Sachs and Edison Ventures. Every round with its source. Source: https://millionrounds.com/company/billtrust (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Billtrust* 4 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Fintech Funding summary Updated 26 Oct 2026 **$104M** raised across 4 rounds since 2006, from 4 sources **$4.0M** Venture **$25M** Series B **$25M** Series C **$50M** Round - **Latest round:** Round, $50M May 2017 - **Step-up i:** 2× - **Investors:** 4 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2008 2010 2012 2014 2016 **$4.0M** Venture **$25M** Series B **$25M** Series C **$50M** Round - **First round:** Venture, $4.0M - **Biggest round:** $50M - **Usual gap between rounds:** 2.4 years ## The rounds - **May 2017** Round **$50M** *1 new* Riverwood Capital Management Reported by FinSMEs - **Apr 2015** Series C **$25M** *1 new* *1 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) From a historical funding record - **Nov 2012** Series B **$25M** *1 new* [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) Reported by techcrunch.com - **Oct 2006** Venture **$4.0M** *1 new* [Edison Ventures](https://millionrounds.com/fund/edison-ventures) Reported by billtrust.com ## Founders and team From Billtrust's own website: 14 on the team. - **David Zwick** Chief Executive Officer - **Lee An Schommer** Senior Vice President, Strategy & Corporate Programs - **Catherine Duke** Chief Technology Officer - **Geoff Schuler** Chief Financial Officer - **Grant Halloran** Chief People Officer - **John Landy** Chief Marketing Officer - **Kunal Patel** Chief Revenue Officer - **Tarek Saleh** Chief Product Officer - **Alison Elworthy** Board Member - **Arvindh Kumar** Board Member - **David Post** Board Member - **Eric Palmer** Board Member - **Jess Keeney** Board Member - **John Coughlin** Board Member ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Venture** 2006 **Series B** 2012 **Series C** 2015 **Round** 2017 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Edison Ventures](https://millionrounds.com/fund/edison-ventures) Riverwood Capital Management ## Everyone who backed them [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **2** rounds [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **1** round [Edison Ventures](https://millionrounds.com/fund/edison-ventures) VC firm **1** round Riverwood Capital Management no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=billtrust). ## Also claim to have backed them This firm lists Billtrust as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [W Capital Partners](https://millionrounds.com/fund/w-capital-partners) Private equity Per its own site ## Quick answers about Billtrust ### Who invested in Billtrust? Billtrust's investors include Bain Capital Ventures, Goldman Sachs, Edison Ventures and Riverwood Capital Management. ### How much has Billtrust raised? Billtrust has raised $104M across 4 rounds since 2006. ### When did Billtrust last raise? Billtrust's most recent round was an Undisclosed round of $50M in May 2017. ### What was Billtrust's biggest round? Its most recent round, $50M in May 2017, is also its largest on record. ### Who backed Billtrust first? Billtrust's first round on record, in Oct 2006, was backed by Edison Ventures. ### What stage is Billtrust at? Billtrust's latest named round is an Undisclosed round, in May 2017. ### Where is Billtrust based? Billtrust is based in the United States. ## Companies like Billtrust In the same sector, and raised in the last eighteen months. [**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app