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Lago is an open-source, API-first billing platform for SaaS that supports complex pricing, including usage-based, subscription, and hybrid models. It handles high-volume, event-driven usage metering (up to 15,000 events per second) to enable real-time usage tracking, automated invoicing, revenue analytics, and entitlements management. Lago differentiates itself with openness through its open-source model, self-hosting options for transparency, and strong integrations with Stripe, Salesforce, and NetSuite to serve startups up to large enterprises in AI and IoT. Its goal is to provide a transparent, controllable billing infrastructure that scales with a company's pricing needs while supporting accurate monetization and FinOps practices.
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$22.3M
Headquarters
Paris, France
Founded
2021
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Total Funding
$22.3M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
Remote Work Options
Stock Options
Paris-based Lago, an open-source metering & usage-based billing platform, announced that it has secured $22M (approximately €20M) in a fresh round of funding led by FirstMark.
A startup out of Paris that began life building marketing tools has raised $22 million after making a successful pivot into billing -- a space it
Extracted from Runa Capital’s ROSS Index, a quarterly analysis of the top open-source startups ranked by the annualised growth rate (AGR) of GitHub stars at their repositories and based on Github stars growth of their repositories, these are the top 10 fastest-growing open-source startups in Europe in Q1 2023.1. Sismo - A Paris-based software development startup that issues ZK badges for reputation aggregation and privacy-preserving access control and enables users to aggregate their digital identities and selectively reveal data derived from their web2 or web3 accounts.2. Nebuly - This Turin-based startup promises to help others “unleash the power of optimization and make your AI systems thrive with performance”.3. Massa Labs - Another Parisian startup, Massa Labs is working on a cryptocurrency ecosystem designed for mass adoption and using Blockclique architecture to withstand thousands of transactions per second, while staying secure and fully decentralised.4. Lago - This Paris-founded startup is backed by Y Combinator and working on an “open source billing API for product-led SaaS”.5. Qdrant - Based in Berlin, Qdrant is a vector similarity search engine and vector database
Getlago partner with Stripe Payments and love their products.
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Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$22.3M
Headquarters
Paris, France
Founded
2021
Find jobs on Simplify and start your career today