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Venture Capital News: MetraTech Secures $30M

WALTHAM, MA, Billing software company, has raised $30 million in its first round of venture capital.
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MetraTech, a billing software company, has raised $30 million in its first round of venture capital, the company disclosed in a new filing with the Securities and Exchange Commission. Thirteen separate investors participated in the offering.

MetraTech offers an innovative approach to billing, compensation and self-care for customers, suppliers and channels. The firm empowers organizations to embrace change through a unique Agreements-based Billing™ (ABB) and compensation solution. MetraNet can automate business processes and business models to address rapidly changing or complex business strategies. MetraTech products are deployed globally and its customers use MetraNet to innovatively create and securely collect revenue, compensate partners and manage their customer lifecycles in 12 languages, 28 currencies and 90 countries.

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