Chrome River raises $17 million in Series C
Chrome River is a company that has developed expense management and invoice processing software. Chrome River has raised $17 million in Series C funding led by Bain Capital Ventures with participation from existing investors First Analysis and Argentum.
Chrome River will be using the funding to expand into domestic and international markets. Chrome River software includes features like accounts payable, expense management, and invoice tracking.
“Since we founded the company in 2007, Chrome River has experienced rapid growth, signing over half of the Global Top 100 law firms, nearly half of the U.S. Top 200 law firms, several of the world’s leading accounting and consulting organizations as well as notable companies across the U.S. from 50 employees to many thousands around the globe,” stated Alan Rich, Chrome River’s co-founder and CEO. “This capital will enable us to continue to rapidly deliver new mobile functionality and value to our customers. In addition to new features, we will be investing aggressively in significant modules and services to complement our full accounts payable solution suite. Chrome River has a clear vision for how we can help companies improve their business processes, control costs and provide configurable financial controls. This strategic investment will further help us to deliver that message to a wider audience as we continue to expand into new domestic and international markets.”