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February 22nd, 2012 - 11:00
On-demand subscription billing and payment house Zuora is expanding its multi-tenant cloud into Europe on the back of a $36 million D round led by Index Ventures. Greylock Partners and Workday co-CEO Dave Duffield, who started PeopleSoft, are also kicking in. The infusion brings Zuora’s total funding to $82.5 million. Existing investors include Benchmark Capital, Redpoint Ventures, Shasta Ventures, Tenaya Capital and salesforce.com CEO Marc Benioff. Despite the economic turmoil over there Zuora says there’s demand in Europe for pay-as-you-go subscription-based services in telecoms, media, technology, consumer services, high-tech and other industries. Early this year Zuora opened an EMEA headquarters in London. After nine months of operations, it has 30-odd customers, including larger enterprises such as News International, Reed Business Information, Touring Club Suisse and VNU Media, as well as a bunch of high-growth start-ups. It says its new EMEA business translates into €2 billion…