French startup Hyperline has raised an additional $10 million in funding from Index Ventures, bringing its total investment to $14.1 million, as it seeks to build the next-generation billing platform for recurring subscriptions, one-off purchases, and usage-based billing.

Founded two years ago, Hyperline has been working on a new billing platform that addresses the tedious day-to-day operations associated with scaling businesses. According to founder and CEO Lucas Bédout, the current billing solutions are inadequate, and Hyperline aims to provide a more efficient and automated solution. "With billing, what's time-consuming, is really the day-to-day operations. Every day, when you have more than 200 or 300 customers, someone has to go and check that everything is correct," Bédout explained.

The startup's platform is designed to handle a wide range of billing scenarios, including subscription management, one-off purchases, and usage-based billing. Hyperline also allows clients to set custom pricing on the fly and add usage-based components, making it a versatile solution for businesses with complex billing needs. Moreover, the platform handles invoices directly and acts as an orchestrator for payment processors, making it easier for customers to use multiple payment providers depending on the country or payment method.

Hyperline's solution is particularly appealing to businesses that struggle with manual invoice processing, sending reminders, and creating quotes. By automating these tasks, Hyperline enables businesses to focus on their core operations. The platform's API also allows for seamless integration with CRM and accounting software, making it easy for customers to get started.

Currently, Hyperline has 14 employees, but the company plans to expand to 25 employees in the near future. The startup has already secured a notable client base, including Lokki, Malou, ScorePlay, Gladia, and Formance, with the majority of its customers generating between €3 and €10 million in revenue. However, Hyperline is confident that its platform can support larger companies with high volumes of invoices, and it is already testing integrations with integration companies to achieve this goal.

The additional funding from Index Ventures will enable Hyperline to further develop its platform and expand its team. As the startup continues to innovate and disrupt the billing and subscription management landscape, it will be interesting to see how its solution is adopted by businesses of all sizes.

In conclusion, Hyperline's $10 million funding round is a significant milestone in the startup's journey to revolutionize billing and subscription management. With its innovative platform and growing team, Hyperline is well-positioned to make a meaningful impact in the industry and provide businesses with a more efficient and automated billing solution.