Solvimon raises €9m from Northzone to automate billing process
By Gloria Methri
Dutch-based billing platform Solvimon has raised €9 million from Northzone and select business angels. The seed round will be used to continue expanding the team and to accelerate go-to-market.
Founded by Kim Verkooij (CEO) and Etienne Gerts (CTO), Solvimon’s platform empowers mid to large businesses to effortlessly operationalise modern pricing methods. This includes ‘usage-based’, where customers pay only for what they consume as well as hybrid models which combine usage-based and traditional, user-based subscriptions.
Solvimon’s low-code, real-time platform allows companies to effortlessly implement usage-based, hybrid, and other pricing models. On Solvimon, businesses can model complex pricing plans, monitor invoices in real time, and unlock insights into product usage to identify opportunities for revenue expansion and customer retention.
Unlike point solutions that solve specific problems in the billing process (metering, pricing, or billing), Solvimon can handle the entire monetisation process. This is end-to-end, from the point where sales teams generate deal terms, to where finance teams report on revenue. Having a single source of truth for all product pricing will unlock key business insights.
Kim Verkooij, co-founder and CEO of Solvimon, says, “While there has been innovation in pricing and metering solutions, businesses are still underserved. Their options are patching together point solutions or entering the expensive and time-consuming process of building a homegrown billing solution. There is a clear need for a flexible, yet end-to-end billing platform. We are really happy to be partnering with the Northzone team. They have studied the space deeply and understand the scale and urgency of the problem we are solving. Their conviction meant that we could close the round in just two weeks and get back to building the business.”
Michiel Kotting, a partner at Northzone said, “Having previously built Adyen’s complex internal billing engine, Kim and Etienne bring a wealth of unique insights and a deep understanding of the complexity of pricing for larger companies which are increasingly adopting hybrid business models. Billing and pricing software are mission-critical, and there is a strong need for a sophisticated end-to-end solution with a breadth of functionality”.
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