Schematic announced it has raised $6.5 million in new funding, bringing total capital raised to more than $12 million, alongside the launch of its Stripe App to address entitlements as a core component of modern billing infrastructure. The round was backed by S3 Ventures, MHS Capital, Active Capital, NextView Ventures, and Ritual Capital, along with angel investors including founders of LaunchDarkly, CrowdStrike, and Salesloft.
Schematic’s platform sits between a company’s application and its billing system, enabling teams to decouple pricing and packaging logic from code while enforcing entitlements dynamically at runtime. Engineering teams implement a single entitlement check per feature, while plans, limits, and exceptions are managed centrally and automatically synced with Stripe.
The company said its approach addresses a structural shift in software pricing, as AI-driven and usage-based models replace traditional seat-based pricing. While billing platforms handle subscriptions and invoicing, they do not enforce access and usage within the product, leaving companies to build and maintain those systems internally.
Schematic’s Stripe App, which will be launched at Stripe Sessions, integrates entitlement management directly into the billing workflow, enabling tighter alignment between pricing logic and product usage.
The platform has gained traction with customers including Plotly, Automox, Florence, and others, with the company reporting zero churn over the past year. Schematic said its technology has helped customers accelerate product launches and implement new pricing models more efficiently.
The new funding will support deeper integration with Stripe, expansion of its monetization control platform for go-to-market teams, and continued development of developer tools and software development kits.
KEY QUOTES
“Software used to be deterministic. AI changed that. Value and cost now accrue at runtime, non-deterministically. Pricing has to be enforced at runtime too. A shadow enforcement system catching webhooks from a billing provider can’t keep up.”
Fynn Glover, Co-Founder And CEO, Schematic
“Entitlements is one of the hardest problems in Billing.”
Wisam Hirzalla, Senior Product Leader, Stripe Billing
“Without Schematic, feature entitlements, limits, and access logic is just technical debt waiting to happen. Maintaining this infra in-house slows down product and sales.”
Ben Postlethwaite, Vice President Of Engineering, Plotly
