Metronome Acquisition, Valuation, Funding & Investors

Metronome was acquired by Stripe for $1B in January 2026.

Metronome acquisition price

$1B

Acquired by Stripe · Jan 2026

Cumulative funding Metronome raised

$128M

across 4 funding rounds

Key investors in Metronome

  • General Catalyst
  • Andreessen Horowitz
  • New Enterprise Associates
  • Lachy Groom
  • Activant Capital
  • Workday Ventures
  • SineWave Ventures
  • William Hockey

Metronome Overview

About Metronome

Metronome is a San Francisco-headquartered billing platform for SaaS companies, enabling usage-based pricing, subscriptions, and hybrid models with API-first integration. Launched in 2021, it supports rapid deployment in under a week, automating revenue recognition under ASC 606. Metronome serves over 100 software firms, integrating with Stripe, Salesforce, and Snowflake for real-time metering and customer portals. Its no-code pricing engine allows product teams to launch tiers without engineering.


Founded

2019

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$470M (Feb 2025)

Metronome Acquisition

Metronome was acquired by Stripe for $1B on 14 January 2026.

Before the acquisition Metronome had raised $128M across 4 funding rounds.

Metronome, a San Francisco-based startup founded in 2019 by former Dropbox engineering director Scott Woody, provides metered billing services, usage-based pricing, and revenue operations tools for cloud-based software companies, serving clients including OpenAI, Anthropic, Databricks, Confluent, and Nvidia. The company raised $128 million in funding from investors like Andreessen Horowitz, General Catalyst, and NEA, which led a $50 million Series C in February valuing it at $470 million. Stripe, a programmable financial services platform valued at around $106 billion, completed the acquisition of Metronome after signing a definitive agreement on December 2, 2025, subject to customary closing conditions; sources report a $1 billion cash deal, doubling Metronome's valuation in under a year. The strategic rationale centers on the shift to metered, usage-based billing as the native model for the AI era, comparable to the rise of SaaS, enabling dynamic pricing aligned with product value for AI-driven software from startups to global enterprises. Stripe aims to integrate Metronome's metering engine into its Billing platform, enhancing support for complex usage-based and hybrid models used by thousands of customers, bolstering channel reach, retaining key accounts like OpenAI, reducing churn, and accelerating features like seat-based credits, real-time spend alerts, and hierarchical accounts. This marks Stripe's fourth acquisition in 12 months after Bridge ($1.1 billion), Privy, and Orum, amid competitive pressures in billing where Stripe gains metering strengths but gaps remain in complex invoicing. Post-acquisition, Metronome operates as a core part of Stripe's product suite while supporting standalone customers, with CEOs Scott Woody and Patrick Collison emphasizing faster product development, deeper partnerships, and foundational monetization infrastructure for AI software growth in a highly competitive field.

Metronome acquisition details
AcquirerDateTypePrice
14 Jan 2026Strategic M&A$1B

Sources: stripe.com

Metronome Valuation

Metronome is currently valued at $470M, based on its Series C in February 2025.

The $50M round was led by New Enterprise Associates, with participation from General Catalyst, SineWave Ventures, TrueBridge Capital Partners, Andreessen Horowitz, Workday Ventures and 3 other investors.

Metronome's valuation has grown 1.3x from $350M at its Series B in January 2024 to $470M in February 2025, across 2 priced rounds.

Metronome valuation by funding round

Metronome valuation by funding round
DateStageValuation
Feb 2025Series C$470M
Jan 2024Series B$350M

Metronome Funding History

Metronome has raised a total of $128M across 4 funding rounds.

Metronome's first fundraising round was a $5M seed round in January 2020. The most recent completed round was a $50M Series C in February 2025.

Metronome funding rounds

Metronome funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2025Series CNew Enterprise Associates (lead); General Catalyst; SineWave Ventures; TrueBridge Capital Partners; Andreessen Horowitz; Workday Ventures; Megalith Ventures; Activant Capital; Greyhound Capital$50M$470MMetronome Technologies, Inc., a San Francisco-based usage-based billing platform founded in 2019, raised $50 million in a Series C funding round in February 2025, led by New Enterprise Associates (NEA) with participation from Andreessen Horowitz (a16z), General Catalyst, Greyhound Capital, Workday Ventures, TrueBridge Capital Partners, Activant Capital, SineWave Ventures, and Megalith Ventures, bringing total funding to $128 million. The platform enables software companies to streamline pricing and billing, supporting models like self-serve, enterprise contracts, and cloud marketplaces, with Metronome 2.0 launched in October offering enhanced flexibility and scalability. Notable clients include OpenAI, Anthropic, Databricks, Confluent, NVIDIA, and Ideogram. The funding will accelerate R&D, expand the team including hiring a Chief Product Officer, enhance platform capabilities for enterprise use, and support go-to-market efforts to drive adoption of usage-based pricing in AI and software sectors. In 2024, Metronome reported an 8x year-over-year increase in dollars billed in December alone and now powers billing for over 150 million end users, processing billions in usage-based revenue. Metronome positions itself as the billing engine for the AI-driven economy, eliminating the need for companies to build internal billing systems and enabling faster product launches, better customer visibility, and scalable revenue growth. The round reflects investor confidence in the shift toward dynamic, value-aligned pricing models amid technology revolutions in AI and infrastructure software.
Jan 2024Series BNew Enterprise Associates (lead); General Catalyst; Andreessen Horowitz; Charles Zedlewski$43M$350MMetronome is a San Francisco-based usage-based billing platform founded in 2019 by Dropbox alumni Kevin Liu and Scott Woody, designed to help SaaS companies launch products faster, support flexible pricing models including usage-based and hybrid, and streamline quote-to-cash workflows without heavy engineering effort. The platform powers billing for high-profile customers like OpenAI, Anthropic, Databricks, and NVIDIA, addressing pain points in building and maintaining subscription and usage-based billing infrastructure. On January 31, 2024, Metronome raised $43 million in a Series B funding round led by New Enterprise Associates (NEA), with participation from Andreessen Horowitz (a16z) and General Catalyst, bringing total funding to over $78 million. NEA Venture Partner Hilarie Koplow-McAdams, former president of New Relic and Salesforce, joined the board. The company noted it retained nearly all of its prior Series A proceeds, raising now to fuel an ambitious 2024 product roadmap including enhanced data pipeline integrations, improved data management, revamped core data models for automated billing workflows, and expanded support for finance operations like reconciliation and revenue recognition. Metronome reported tremendous growth in 2023 amid a challenging market for startups, including a 6x increase in revenue over the last year and a 6x ARR increase, driven by the shift to usage-based and hybrid pricing models, particularly in AI. It serves both fast-growing startups and enterprises, powering billing for millions of end-customers while maintaining a usage-based pricing model itself. The Series B was described as occurring at a healthy multiple above its Series A valuation, with Contrary Research specifying a $350 million post-money valuation. Funds will accelerate product development to reduce engineering overhead for users and position Metronome as critical infrastructure for modern SaaS billing, ensuring long-term reliability for customers transitioning to cloud revenue models.
Feb 2022Series AAndreessen Horowitz (lead); General Catalyst; Armon Dadgar; Reynold Xin; The New Normal Fund; Neeraj Berry; William Hockey; Neha Narkhede; Ion Stoica; Christian Kleinerman; Lachy Groom; Allison Pickens Ventures$30M-Metronome is a usage-based billing platform built for modern software companies, enabling teams to launch products faster, offer any pricing model, and streamline quote-to-cash workflows without engineering effort. The company was co-founded in 2019 by Kevin Liu and Scott Woody, who identified the billing infrastructure problem during their time at Dropbox. By the time of its Series A in February 2022, Metronome was already being used by fast-growing companies including Cockroach Labs, Starburst, Cribl, and Truework as paying customers in production, validating strong market traction. The Series A funding round of $30 million was led by Andreessen Horowitz with participation from a16z partner Martin Casado who joined the board. Following this round, Metronome continued rapid expansion, securing a $43 million Series B in January 2024 led by NEA and a $50 million Series C in February 2025 led by NEA, bringing total funding to $128 million before Stripe acquired the company for $1 billion in December 2025. The company powered billing for over 150 million end users and processed billions in usage-based revenue by late 2024, with customers including OpenAI, Anthropic, Databricks, Confluent, and NVIDIA.
Jan 2020SeedGeneral Catalyst (lead); Octave; Mango Capital$5M--

Who has invested in Metronome?

22 investors have backed Metronome across its funding rounds, including General Catalyst, Andreessen Horowitz, New Enterprise Associates, Lachy Groom, Activant Capital and Workday Ventures.

Lead investors include New Enterprise Associates, Andreessen Horowitz and General Catalyst.


Metronome Investors

Investors in Metronome by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA4LeadJan 2020
Andreessen HorowitzUnited StatesSan Francisco, CA3LeadFeb 2022
New Enterprise AssociatesUnited StatesSan Francisco, CA2LeadJan 2024
OctaveUnited StatesUnited States1ParticipantJan 2020
Armon DadgarUnited StatesSeattle, WA1ParticipantFeb 2022
SineWave VenturesUnited StatesWashington, DC1ParticipantFeb 2025
Reynold XinUnited StatesSan Francisco, CA1ParticipantFeb 2022
The New Normal FundUnited StatesSan Francisco, CA1ParticipantFeb 2022
TrueBridge Capital PartnersUnited StatesChapel Hill, NC1ParticipantFeb 2025
Neeraj BerryUnited StatesSan Francisco, CA1ParticipantFeb 2022
William HockeyUnited StatesSan Francisco, CA1ParticipantFeb 2022
Neha NarkhedeUnited StatesSan Francisco, CA1ParticipantFeb 2022
Workday VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2025

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Metronome Competitors

Metronome competitors include listed companies like 74Software and Freee, and private ones like 51 Credit Card Manager, Clara, DataSnipper and FreshBooks.

Public and private companies comparable to Metronome
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
51 Credit Card ManagerChinaChinaPrivate$15M-$1B66.7x
ClaraBrazilSão PauloPrivate--$1B-
DataSnipperNetherlandsAmsterdamPrivate$45M-$1B22.2x
FreshBooksCanadaTorontoPrivate--$1B-
74SoftwareFranceFrancePublicly listed$814M$112M$1.3B1.8x
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x

Metronome Public Comps

Metronome is no longer listed, but its public comps include Fujian Boss Software, 74Software, Teamshares, Freee, Miroku Jyoho Service, Nordtech Group, BlackLine, Baiwang Cloud, Avant Group and Zaggle Prepaid Ocean.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fujian Boss Software$299M$40M2.8x2.9x21.1x21.0x
74Software$814M$112M1.9x1.8x13.7x9.8x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Freee$214M$6M6.3x4.8x237.7x65.4x
Miroku Jyoho Service$315M$58M1.1x1.1x6.0x-
Nordtech Group$72M$15M5.1x-25.2x-
BlackLine$700M$72M2.6x2.5x25.6x8.5x
Baiwang Cloud$109M$433K2.6x2.7x648.3x-

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Common questions about Metronome

When was Metronome founded?Metronome was founded in 2019.
Where is Metronome headquartered?Metronome is headquartered in San Francisco, CA, United States.
Is Metronome publicly listed?No, Metronome was acquired by Stripe in January 2026.
Who acquired Metronome?Metronome was acquired by Stripe in January 2026.
How much was Metronome acquired for?Metronome was acquired for $1B in January 2026.
What is Metronome's valuation?Metronome was last valued at $470M in its Series C in February 2025.
How much funding has Metronome raised?Metronome has raised $128M across 4 funding rounds.
What was Metronome's last funding round?Metronome's last funding round was a $50M Series C in February 2025, led by New Enterprise Associates.
Who are Metronome's investors?Metronome's investors include General Catalyst, Andreessen Horowitz, New Enterprise Associates, Octave, Armon Dadgar, SineWave Ventures, Reynold Xin, The New Normal Fund, TrueBridge Capital Partners, Neeraj Berry and 12 others.
Which companies are comparable to Metronome?Companies comparable to Metronome include 51 Credit Card Manager, Clara, DataSnipper, FreshBooks, 74Software and Freee.

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