Zuora raises $6,500,000

Zuora, Inc., a new company that simplifies online subscription services, today announced that it received a $6.5 million Series A round of funding.  “The Zuora team pioneered the subscription billing models at WebEx and Salesforce.com, where customers pay-as-they-go, removing the friction associated with high-priced license-based models,” said Mr. Fenton. “The team’s deep understanding of complex billing needs has allowed them to develop a simple, modular, and highly scalable offering to enable on-demand billing.”  Zuora has created an on demand platform designed to simplify the way online subscription services are purchased, billed, and provisioned.