Funding

Sameer Gulati Co-Founded Ordway Scores $20M in Funding

Aug 6, 2026 | By Devin Jacobs

SUMMARY

Ordway raised $20 million in equity and debt funding.
Ordway provides an AI-powered billing and revenue management platform.
The funding will expand its AI platform and product development.

Ordway, a Washington, DC-based provider of a monetization and billing platform, has raised $20 million in equity and debt funding round led by Harbert Growth Partners.

The round also saw debt participation from Western Alliance Bank’s Innovation Banking Group.

The company plans to use the capital to double its R&D investment, accelerate its AI product roadmap, expand AI-powered financial reporting and support business growth.

Funding Snapshot

Metric	Details
Fundraise Amount	$20 million
Funding Type	Equity + Debt
Valuation	Undisclosed
Company	Ordway
Sector	FinTech / SaaS / Billing
Headquarters	Washington, DC, US
Lead Investor	Harbert Growth Partners
Debt Provider	Western Alliance Bank Innovation Banking Group

RECOMMENDED FOR YOU

Funding

[Funding alert] TX-based Ara Partners Secures over $3 Billion in New Funding Commitments

Devin Jacobs

Dec 15, 2023

Funding

Sift Raises $42M Series B Funding

Devin Jacobs

Mar 26, 2026

Funding

OpenBox AI Raises $5M in Seed Funding

Devin Jacobs

Apr 1, 2026

About Ordway

Founded in 2018 by Sameer Gulati, Ordway is a billing and revenue management platform designed for technology focused businesses with complex monetization models. The company's platform automates key parts of the quote-to-cash cycle, helping businesses manage subscriptions, usage based billing, payments, revenue recognition, and financial reporting.

Hundreds of AI, SaaS, cloud and subscription businesses use Ordway's platform to automate financial operations.

Core offerings include:

Subscription management
Usage-based billing
Revenue recognition
Self-service checkout and portals
Payments and financial reporting

Core Technologies / Products / Services

Capability/Product	Application/Use Case
Billing Platform	Automates subscription and usage-based billing
Ordway Payments	Processes payments and matches them with invoices
AI Cash Reconciliation	Matches payments across banking channels with invoices
AI Contract Data Abstraction	Extracts billing and revenue-recognition data from contracts
Reporting Suite	Provides financial reporting and AI-powered forecasting

Leadership Comments

"We founded the company with a mission of automating the quote-to-cash process for high-growth companies, but there is still work to be done. The handoff from sales to finance remains one of the messiest parts of the business," said Sameer Gulati, CEO and founder of Ordway.

"AI is driving rapid levels of change and complexity into pricing, monetization, and billing strategies for technology-centric companies," said Tom Roberts, General Partner at Harbert Growth Partners.