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Billtrust Raises $25M From Bain Capital

[Techtaffy Newsdesk]

Billtrust has closed a $25 million funding round from Bain Capital Ventures. Billtrust says it will use the capital to acquire companies. As part of the new relationship, Matt Harris, managing partner of Bain Capital Ventures, New York, will join Billtrust’s board of directors.

Bain Capital Ventures’ investment in Billtrust is the second outside investment in Billtrust’s history, bringing the total funding raised to $30 million. An earlier funding round was led by Edison Ventures.

Billtrust was advised in its latest investment round by Raymond James.

[Image Courtesy: Billtrust | Facebook]

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