Today, we're thrilled to announce that PeakCommerce has raised $48 million in Series B funding, led by Summit Partners with participation from existing investors Accel and FirstMark Capital. This brings our total funding to $72 million and positions us to accelerate our vision of Autonomous Revenue for subscription businesses worldwide.
Why We Raised
The subscription commerce market is at an inflection point. Companies are no longer satisfied with basic billing and invoicing tools. They need intelligent platforms that can autonomously optimize every aspect of the revenue lifecycle — from initial pricing and quoting through renewal and expansion. The demand for our platform has grown 4x year-over-year, and this funding allows us to meet that demand while investing in the next generation of capabilities.
Where the Money Goes
We're deploying this capital across three strategic priorities:
Product Innovation — We're doubling our engineering team to accelerate development of our AI-powered Revenue Engine. This includes advanced predictive models for churn prevention, automated pricing optimization, and intelligent expansion recommendations. We're also investing heavily in our Commerce Hub to support more channels, more payment methods, and more complex pricing models.
Global Expansion — While our customer base spans 30 countries, we've primarily served the North American and European markets. This funding enables us to establish dedicated teams in Asia-Pacific and Latin America, with localized billing support, regional payment methods, and in-market customer success resources.
Customer Success at Scale — As our customer base grows, so does our commitment to customer outcomes. We're investing in scaled customer success programs, including an expanded professional services team, a customer education platform, and a partner ecosystem that extends our implementation and optimization capabilities.
The Numbers Behind the Raise
Our growth metrics reflect the value our customers are finding in the platform:
- 4x year-over-year ARR growth
- Net revenue retention of 145%
- 200+ enterprise customers across SaaS, media, and B2B technology
- 95% gross retention rate
- $12B+ in annual transaction volume processed
What's Next
This funding accelerates our timeline for several major platform initiatives. In the coming quarters, expect to see the launch of our AI Pricing Copilot, an expanded marketplace of pre-built integrations, and a new tier of our platform designed specifically for high-growth startups.
To our customers: thank you for your trust and partnership. Your feedback shapes every product decision we make. To our team: this milestone is a testament to your relentless execution and customer obsession. And to the broader subscription commerce community: the best is yet to come.