Funding · Enterprise Software & IT

Flexprice raises $1.5M seed round

What they do

Flexprice builds open-source billing infrastructure for AI-native and API-first enterprises

It raised a $1.5M seed round led by Shastra VC, with Anupam Mittal and TDV Partners co-leading

The company processes over 20 billion events per month and grew revenue 6X last quarter

Flexprice raised a $1.5M seed round.
The round was led by Shastra VC.
Anupam Mittal and TDV Partners co-led the round.
The company builds open-source usage billing infrastructure for AI-native and API-first enterprises.
It supports pricing models like pay-as-you-go, prepaid credits, volume tiers, seat-based, hybrid, and outcome-based (coming soon).
Flexprice processes over 20 billion events per month.
The funds will be used for global expansion across the US and Europe and to build new products for metering, revenue recognition, and AI-native financial reporting.

The AI billing infrastructure market is estimated at $4B with a 20% CAGR.
The broader SaaS billing market is projected to reach $20.3B by 2033.
Revenue infrastructure accounts for 7-10% of COGS in software businesses.
Flexprice's event processing grew 20X over the past year and revenue grew 6X last quarter.

Flexprice provides open-source usage billing infrastructure for AI-native and API-first enterprises.
It supports pricing models: pay-as-you-go, prepaid credits, volume tiers, seat-based, hybrid, and outcome-based (coming soon).
Its tech stack includes Go, ClickHouse for high-throughput metering, Kafka for event-driven pipelines, and Temporal for workflow orchestration.
It integrates with Stripe, Adyen, and Razorpay.
The product is open-source and self-hostable, with zero vendor lock-in.
Headquarters are in New Delhi, with teams in San Francisco and Bengaluru.
It was founded in late 2024.
It processes over 20 billion events per month.

Shastra VC (lead) — Formerly known as Veda VC, launched a $100M fund for deeptech, AI, spacetech, climate tech, defence, and renewable sciences.
Anupam Mittal (co-lead) — Founder of People Group and Shaadi.com.
TDV Partners (co-lead) — Doubled down on its initial investment in Flexprice.

Product: Usage-based billing infrastructure supporting flexible pricing models for API calls, token usage and GPU hours
Customers: AI-native and API-first companies billing customers based on actual usage consumption
How it makes money: Open-source platform with paid hosting and enterprise integrations, 6X revenue growth with 20B events per month processing
What sets it apart: Native integration with Stripe, Adyen and Razorpay supporting hybrid and custom pricing models for AI companies