Chargezoom, a leading platform for AI-based billing and integrated payments, announced it has raised $11.5 million in Series A funding led by Salt Lake City’s Kickstart Fund. Chargezoom also welcomes new investors Motley Fool Ventures, Early Light Ventures, Frazier VC, and Adly, along with continued support from SaaS Venture Capital, Stout Street Capital, and Okapi Venture Capital.
This funding round also marks Chargezoom’s official arrival on the Utah tech scene, setting the stage for the company to scale rapidly and efficiently with the support of Silicon Slopes’ top early-stage venture fund. This round is another key milestone in Chargezoom’s rapid growth. And previously, the company closed a $2 million Seed round in July 2021. This funding helped Chargezoom simplify accounts receivable for businesses that need more efficient and agile financial processes.
Since its seed funding round, Chargezoom has grown by 3,972%, driven by its mission to simplify payments and accelerate cash flow for businesses across the U.S. This latest funding round will advance Chargezoom’s rapid expansion and bring new resources to its platform.
KEY QUOTES:
“We’re thrilled to be building Chargezoom right here in Utah. Not only does this validate our vision and provide critical resources, we’re getting an unbeatable strategic partner in Alex Soffe and the team at Kickstart.”
- Matt Dubois, founder and CEO of Chargezoom
“Chargezoom is leveraging AI and machine learning to solve crucial needs in the payment space that we’re not seeing anywhere else. We’re excited to support their mission to automate AR for growing businesses.”
- Alex Soffe of Kickstart
“We’re very excited to move forward with a team of investors that share our values and are fully committed to our mission of being the market leader in AR automation.”
- Matt Dubois
