Lago

Lago

Open-source API-first billing platform for SaaS

Overview

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.

YC Company

About Lago

Simplify's Rating
Why Lago is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

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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Simplify's Take

What believers are saying

  • Lago's site updated August 5, 2026, signaling active product and messaging investment.
  • Reportedly processing $829 million monthly invoices, Lago shows real production usage at scale.
  • Named customers Mistral AI, PayPal, and Groq validate Lago for high-complexity billing.

What critics are saying

  • Orb, Metronome, and Stripe Billing attack Lago's core category with deeper budgets.
  • Quote-only cloud tiers hide pricing, slowing adoption against transparent rivals like Hyperline.
  • If AI customers consolidate billing internally, Lago's open-source moat erodes by 2027.

What makes Lago unique

  • Lago's AGPLv3 self-hosting keeps billing logic portable and auditable for engineering teams.
  • Lago Embedded launched March 12, 2026, enabling white-labeled billing for platform businesses.
  • Lago handles subscriptions, usage, credits, and hybrids in one API-first system.

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Funding

Total Funding

$22.3M

Below

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$15M
Lago
$30M
Kalshi

Benefits

Remote Work Options

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

7%
ExploreBit
Mar 18th, 2024
Lago Raises USD 15M Series A Funding

Lago raises USD 15M Series A funding.

Brown Brothers Media
Mar 15th, 2024
Y-Combinator backed French firm Lago bags €20M to build Stripe Billing alternative: Know more

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.

TechCrunch
Mar 14th, 2024
Lago, a Paris-based open source billing platform, banks $22M | TechCrunch

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

Tech.eu
Apr 19th, 2023
These Are The Fastest-Growing Open-Source Startups In Europe In Q1 2023

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

Lago
Aug 29th, 2022
Getlago partners with Stripe, Inc.

Getlago partner with Stripe Payments and love their products.

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