Lightyear Lands $31M Series B Round

The round was led by Altos Ventures, with meaningful participation from existing investors Ridge Ventures, Amplo, Zigg Capital, and Susa Ventures. This new round of funding comes at the heels of major product milestones, including the launch of Lightyear’s Network Inventory Manager, Bill Consolidation, and API offerings, as well as major achievements in revenue and customer growth.

Lightyear is the only digital workflow and system of record platform that unlocks efficiency across the full lifecycle for enterprise telecom services, revolutionizing the telecom experience to drive material time and cost savings. Lightyear’s Procurement platform automates RFP creation, quoting, install management, and more for internet, WAN, voice, and colocation services, reducing time spent on procurement materially while network intelligence and pricing data ensures enterprises select the optimal solution at the lowest cost. Lightyear’s Network Inventory Manager creates a digital system of record for enterprise networks, tracking 30+ data points per service (static IPs, contract details, account IDs) and automating lifecycle management workflows such as MACD ticketing and renewal re-shopping. Lightyear’s Bill Consolidation software offers enterprises one consolidated bill for all telecom services, eliminating the headache of tracking invoices and handling audits while avoiding service disruptions.

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