About eDocs
eDocs is a Technology company based in Natick (United States) founded in 1997, and was acquired by Siebel Systems in December 2004. It operates as an e-Billing and customer self-service software is offered to enterprises. eDocs has raised $58.6 million across 4 funding rounds from investors including Goldman Sachs, Icon Ventures and Siebel CRM. The company was acqui-hired. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its competitors include Billtrust, SumUp, Paymentus, PaySimple and Vyapar and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
eDocs provides e-billing and customer self-service software to enterprises. Its product suite integrates e-billing and payment, e-service, and self-care technologies, as well as offers a platform for customer service issues. eDocs solutions enable end customers to manage their accounts, research offerings, buy products and services, review bills and statements, initiate and track payments, and resolve issues online from a single point at a companys website. The company also offers technical support, hosting, and training services. Its products and services are used by companies in various industries, including financial services, energy, healthcare, insurance, retail, telecommunications, government, and manufacturing distribution, as well as public sector. In January 2005, the company was was acquired by Siebel Systems, Inc. which was later acquired by Oracle.
- Headquarters Natick, United States
- Stage Acquired
- SectorsTechnology
- Website edocs.com
- Acquired by Siebel Systems (Dec 2004)
- Total Equity Funding$58.6M (USD)
in 4 rounds
- Latest Funding Round$40M (USD), Series C
Jan 2002
- InvestorsGoldman Sachs
& 9 more
- Acquired bySiebel Systems
(Dec 2004)
Funding Insights of eDocs
eDocs has successfully raised a total of $58.6M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in January 2002. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $58.6M
- Total Rounds 4
- Last Round Series C — $40M
- First Round $18.6M
(Jul 1999)
- Investors Count 9
All 4 funding rounds of eDocs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2002 | $40M | Series C | – | Amerindo Investment Advisors | |
| Feb 2000 | – | Series B | – | – | – |
| Dec 1999 | – | Series B | – | – | – |
| Jul 1999 | $18.6M | Series B | – | – |
10 investors in total: 10 institutional.
Investors in eDocs
eDocs has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Icon Ventures and Siebel CRM.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | amerindo.com | - | |
Private equity investment firm focused on multiple sectors | – | auroracap.com | Los Angeles, United States | |
Family office of Aegerter family | – | armada.com | Kusnacht, Switzerland | |
CRV is recognized as a venture capital firm investing in technology startups. | – | crv.com | Palo Alto, United States | |
Early-stage VC investments are made in US, Canada, and Asia. | – | sigmapartners.com | Danville, United States | |
Sector-agnostic growth stage VC investment company funding companies in the US and Asia | 1992 | iconventures.com | Palo Alto, United States | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
High-performing public charter schools are expanded via philanthropic investments. | 2000 | chartergrowthfund.org | Broomfield, United States | |
IT software and hardware reselling services are provided by Comdisco. | 1969 | comdisco.com | - | |
CRM solutions for sales, marketing, and customer service are provided. | 1993 | siebel.com | Redwood City, United States |
Investor details for eDocs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of eDocs
4 dated milestones of eDocs across 7 years, from founding to its latest funding, stage changes and deals.
- Founded eDocs is founded.
- Funding First funding round of $18.6M.
- Funding Latest funding round, Series C, of $40.0M.
- Exit Acquired by Siebel Systems.
Competitors of eDocs
eDocs has 10 listed competitors in our database, 10 of them funded. They include Billtrust, SumUp, Paymentus, PaySimple and Vyapar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| billtrust.com | 2001 | Hamilton Township, United States | $105M | – | Invoice and payment management solutions are offered for small businesses. | |
| sumup.com | 2012 | London, United Kingdom | $996.66M | – | Provider of mPOS solution and card reader for offline retailers | |
| paymentus.com | 2004 | Atlanta, United States | $23.6M | 1,273 | Comprehensive billing and payment solution provider | |
| paysimple.com | 2006 | Denver, United States | $137.29M | 3,016 | Online payment and invoicing solutions are offered to small businesses. | |
| vyaparapp.in | 2016 | Bengaluru, India | $35.89M | 1,155 | Cloud-based invoicing and inventory tools for small businesses are provided. | |
| invoice.2go.com | 2002 | Palo Alto, United States | $60M | 28 | An app-based invoicing solution is provided for small businesses. | |
| paystand.com | 2013 | San Francisco, United States | $77M | 46 | Payment processing for bitcoin, e-checks, and credit cards is facilitated. | |
| vcita.com | 2010 | Bellevue, United States | $15M | – | Business management software is provided for small businesses. | |
| zervant.com | 2010 | Espoo, Finland | $22M | – | Invoice management software is provided for businesses. | |
| billingplatform.com | 2009 | Englewood, United States | $104M | – | Cloud-based billing and invoicing software is offered for businesses. |
Detailed competitors of eDocs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as eDocs (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Related news about Edocs
Complete news archive for eDocs
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Frequently Asked Questions about eDocs
eDocs was founded in 1997 and raised its 1st funding round 2 years after it was founded.
eDocs is headquartered in Natick, United States. It is registered at Natick, Massachusetts, United States.
eDocs is a funded company, having raised a total of $58.6M across 4 funding rounds to date. The company's 1st funding round was a Series B of $18.6M, raised on Jul 1999.
eDocs provides e-billing and customer self-service software to enterprises. Its product suite integrates e-billing and payment, e-service, and self-care technologies, as well as offers a platform for customer service issues. eDocs solutions enable end customers to manage their accounts, research offerings, buy products and services, review bills and statements, initiate and track payments, and resolve issues online from a single point at a companys website. The company also offers technical support, hosting, and training services. Its products and services are used by companies in various industries, including financial services, energy, healthcare, insurance, retail, telecommunications, government, and manufacturing distribution, as well as public sector. In January 2005, the company was was acquired by Siebel Systems, Inc. which was later acquired by Oracle.
eDocs has 10 investors. Key investors include Goldman Sachs, Icon Ventures, Siebel CRM, Charter School Growth Fund, and Comdisco.
Yes. eDocs was acquired by Siebel Systems in December 2004.