Polar Raises $10 Million in Seed Round
Polar, a Stockholm, Sweden-based open-source billing platform for AI-native SaaS and digital product businesses, has raised $10 million in seed funding.
The round was led by Accel and included notable angel investors such as Guillermo Rauch, Jared Palmer, Paul Copplestone, Tobi Lütke, Harley Finkelstein, and others.
Accel is a global venture capital firm that invests in early-stage and growth-stage tech companies. The firm focuses on the technology, consumer products, SaaS, fintech, and healthcare sectors. With offices in Silicon Valley, London, and Bangalore, Accel provides capital, strategic guidance, and a vast network to help companies scale globally.
The company will use the funding to grow its team, develop next-generation billing tools for developers, and expand its global operations and community.
Founded in 2022 by Birk Jernström, Polar is a developer-first, open-source billing platform designed to help AI-native SaaS companies and digital product creators manage monetization and global sales tax complexities. The company offers automated SaaS entitlements and digital products, including license keys, file downloads, GitHub and Discord access, and custom entitlements delivered directly to customers. Headquartered in Stockholm, Sweden, Polar serves over 18,000 customers across more than 100 countries.
Funding Details
Company: Polar Software, Inc.
Raised: $10.0M
Round: Seed
Funding Date: June 2025
Lead Investor: Accel
Additional Investors: Guillermo Rauch, Jared Palmer, Paul Copplestone, Tobi Lütke, Harley Finkelstein, Michael Grinich, Thomas Paul Mann, Anton Osika, Jorn van Dijk, Koen Bok, Zeno Rocha, Steven Tey, Sébastien and Alexandre Chopin
Company Website: https://www.polar.sh/
Software Category: SaaS Billing & Payments Infrastructure