BillShrink, a company we previously covered here, has just closed a Series B funding round to the tune of 8 million. This latest round of financing brings their total amount raised to $9 million, after previously raising $1 million in a Series A round this previous year.
The new Series B round was led by Trinity Ventures and Bessemer Venture Partners. Gus Tai from Trinity will join the Board of Directors, which also includes Matt Coffin. Some of us might know Matt as the founder of LowerMyBills. The money will be used for expansion into new arenas, to help their customers in their quest for “billshrinkage”.
In a time where every penny counts, BillShrink couldn’t find better timing to launch new features to help people save money. Despite the recent market fallout, BillShrink manages to prove that Venture Capitalists will invest money into a promising idea, regardless of economic conditions.