Union Square Ventures led the round to support the opening of 25 new manufacturing facilities and international expansion.
"Manufacturing is the origin of our security, prosperity and sense of purpose as nations. This Series A enables us to open more factories, invest in MasonOS, support exceptional franchisees and recruit the best engineers across Europe and the United States. Our mission is to forge industrial acceleration."
Union Square Ventures led the round, with participation from Ribbit Capital and Slow Ventures.
"We believe that money should work the same way everything else on the internet works – that it should be easy to use, it should be fast, and it should be global,"
The investment round was led by Notion Capital and will fund product development and North American expansion.
"In a more challenging software market, SaaS businesses are balancing growth with profitability, making pricing an ever-more valuable lever. Hybrid and usage-based pricing are now firmly in the spotlight because of their ability to deliver better customer experiences while reducing churn and increasing revenue, and as their popularity continues to grow, the opportunity for m3ter is obvious. Today’s funding enables us to take our ambitions to the next level, making new pricing models accessible for every software business that needs them."
Kindred Capital led the seed round to support international expansion and product development at m3ter.
"Usage-based pricing offers huge rewards for SaaS businesses, but it isn’t easy to implement. We experienced the pain ourselves when building our previous startup, but we also saw what good tooling can look like at AWS. Today, we’re proud to launch m3ter so that all SaaS businesses can intelligently deploy and manage usage-based pricing."