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Turnstile develops an AI-powered quote-to-cash platform designed specifically for B2B SaaS companies. The company’s integrated solution automates critical revenue operations, encompassing sophisticated quoting, comprehensive subscription management, precise billing, and accurate revenue recognition. It leverages structured data to handle complex sales processes and flexible pricing models, providing real-time financial insights and streamlining the entire customer lifecycle from initial proposal to renewal.
Jordan Zamir and Michael Babineau founded Turnstile in 2021, drawing on their direct experiences navigating the intricate and often manual financial and operational challenges within high-growth startups. They recognized a significant void in the market for an adaptable, end-to-end platform that could evolve with scaling businesses, thus enabling companies to eliminate fragmented systems and manual busywork.
The platform serves sales-led B2B startups seeking to optimize their financial workflows and ensure investor-readiness. Turnstile's vision is to provide a future-proof foundation that allows these companies to automate their revenue operations, maintain unparalleled visibility and control over their financial data, and adapt to changing deal structures without operational friction, fostering sustained growth.
Turnstile has raised $52.0M across 2 funding rounds.
Turnstile has raised $52.0M in total across 2 funding rounds.
Turnstile has raised $52.0M across 2 funding rounds. Most recently, it raised $29.0M Series A in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 5, 2026 | $29M Series A | — | First Round Capital, Illuminate Financial, OMERS Ventures | Announced |
| Jun 1, 2025 | $23M Series A | — | Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital, Infinite Niches, Invariantes Fund, Jetstream, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, Sapphire Ventures, Sequoia Capital, The HIT Forge, Thirty Five Ventures, Todd And Rahul's Angel Fund, Tribe Capital, Y Combinator, Yobe Ventures, Andre Iguodala, Bradley Horowitz, Jonathan Swanson, Joshua Reeves, Joshua Webster, Ryan Shea, Sahin Boydas, Scott Belsky, Suhail Doshi | Announced |
Turnstile has raised $52.0M in total across 2 funding rounds.
Turnstile's investors include First Round Capital, Illuminate Financial, OMERS Ventures, Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital.
Turnstile is a revenue automation platform that streamlines the entire quote-to-cash lifecycle, including quoting, subscription management, billing, and revenue recognition, for growing B2B SaaS companies from startups to those scaling toward $100M ARR.[1][2][3] It serves sales, finance, and operations teams by simplifying complex workflows, offering flexibility for unique pricing strategies, and providing exceptional support to enable efficient scaling and growth focus.[1][3] Founded in 2021 and based in Nashville, Tennessee, Turnstile has raised a Series A round backed by investors like First Round Capital, positioning it as a day-one platform that businesses won't outgrow.[2][3]
Turnstile was founded in 2021 in Nashville, Tennessee, by a small, senior team with proven experience—their previous company was acquired by Bloomberg, and they have earned multiple "best places to work" awards.[2][3] The idea emerged to address pain points in revenue operations for modern B2B SaaS firms, building an all-in-one platform that handles the full revenue lifecycle without the rigidity of legacy tools.[1][3] Early traction includes serving customers from seed-stage startups to high-growth companies, recent Series A funding from top investors like First Round Capital, and active hiring for roles like Account Executive to scale go-to-market efforts.[3]
Turnstile rides the surge in subscription-based SaaS models, where businesses increasingly adopt recurring revenue streams amid digital transformation and complex pricing experiments.[2] Its timing aligns with market forces like rising demand for integrated revenue ops tools—competitors like Zuora, Paddle, and Gotransverse highlight a crowded but fragmented space, yet Turnstile differentiates by targeting mid-stage B2B growth without enterprise bloat.[2] By simplifying quote-to-cash for ambitious firms, it influences the ecosystem by accelerating scaling for SaaS startups, reducing operational friction, and enabling focus on product innovation over billing headaches.[1][3]
Turnstile is poised for rapid expansion post-Series A, likely prioritizing outbound sales experimentation, GTM refinement, and customer acquisition to hit key ARR milestones.[3] Trends like AI-driven revenue tools and hybrid pricing models will shape its path, potentially through integrations or feature expansions to outpace incumbents.[3] Its influence may evolve by becoming a staple for seed-to-scale SaaS firms, much like its all-in-one platform promises from day one—empowering revenue teams to drive sustainable growth in a subscription-dominated tech economy.[1][2][3]
