DEMO.com > Zuora, Inc.

Zuora, Inc.

Conference: DEMO 09
Market Segment: Enterprise Software and Services
Funding Amount: $25,000,001-$50,000,000
Funding Round: Series B
Funding Details: Series A financing from Benchmark Capital and Marc Benioff, March 2008; Series B financing from Shasta Ventures, October 2008
Competitors: No direct competitors. Secondary competitors include Aria Systems, eVapt and Vindicia.
Product Description: Z-Commerce for Facebook is the very first product on the market that provides a simple and effective, non-advertising-based way for Facebook developers to monetize their applications.
Market Opportunity: The Facebook platform is thriving; according to Facebook, there are more than 66,000 applications currently available and more than 140 added per day, creating a multi-billion dollar opportunity for Zuora.
DEMO Says: A vibrant ecosystem has emerged on the Facebook Platform where more than a half million developers are experimenting with social networks. Surely, those developers are learning a lot, but for all that experimentation to pay off, developers need a business framework to manage and monetize subscribers. By opening its cloud-based billing and payment system to the Facebook API, Zuora provides that framework and the vital missing link to a thriving Facebook economy.