Turnstile Launches Quote-to-Cash Platform With $29 Million

<p><span class&equals;"legendSpanClass"><strong>SAN FRANCISCO<&sol;strong> <&sol;span>&&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;edge&period;prnewswire&period;com&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4612561-1&amp&semi;h&equals;2827072811&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fturnstile&period;ai&percnt;2F&amp&semi;a&equals;Turnstile" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Turnstile<&sol;a><&sol;u> has launched a quote-to-cash platform for sales-led startups with &dollar;29 million in funding from First Round&comma; OMERS Ventures&comma; Illuminate Financial&comma; and a number of prominent angel investors&period;<&sol;p>&NewLine;<p>When SaaS first emerged&comma; it was built around a simple per-seat model&colon; swipe a card&comma; add users&comma; and pay the bill&period; Easy&period; But modern SaaS has become far more complex&period; Today companies sell usage&comma; tiers&comma; bundles&comma; pilots&comma; ramps&comma; and mid-cycle upgrades — with terms often heavily negotiated&period; Yet the operational infrastructure to manage this complexity hasn&&num;8217&semi;t kept pace&period;<&sol;p>&NewLine;<p>The cracks appear the moment the deal is signed&period; What follows is a scramble&colon; the billing spreadsheet gets a new row&comma; the CRM gets a manual update&comma; and the finance team pieces together a billing schedule from the contract PDF—setting calendar reminders to handle the ramp that kicks in at month six or the pricing change in year two&period; The same information gets entered into multiple systems by multiple people&period; Amendments are made mid-contract&period; Things fall out of sync&period; Invoices go out wrong&period; Revenue reporting becomes a monthly reconciliation exercise&period;<&sol;p>&NewLine;<p>Turnstile was built to close this gap for sales-led startups—and to do it in a radically different way&period; Legacy quote-to-cash platforms require 3-6 month implementations&comma; dedicated administrators&comma; and six-figure contracts&period; Turnstile flips that model entirely&period; It is the first self-service quote-to-cash platform&colon; startups can sign up&comma; connect their CRM&comma; and generate their first quote in minutes—not months&period; Turnstile uses AI to transform deal terms into structured data—whether entered directly or extracted from existing contracts—and automates everything downstream&colon; invoicing&comma; subscription management&comma; revenue recognition&comma; and reporting&period;  No consultants&period; No IT projects&period; No waiting&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Quote-to-cash has been broken for a long time—startups either cobble together spreadsheets and disconnected tools&comma; or they&&num;8217&semi;re forced into enterprise platforms that take months to implement&comma;&&num;8221&semi; said Jordan Zamir&comma; CEO and co-founder of Turnstile&period;  &&num;8220&semi;We built Turnstile to be a third option&colon; enterprise-grade infrastructure that any startup can set up in an afternoon&period; Structure the deal however the customer needs&comma; and let everything downstream—billing&comma; reporting&comma; renewals—just work&period; And for companies with existing contracts&comma; our AI can ingest those documents and turn years of commercial history into structured data in minutes&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Turnstile manages the full revenue lifecycle in one integrated quote-to-cash platform with four core modules&colon;<&sol;p>&NewLine;<ul >&NewLine;<li><b>Quoting&colon;<&sol;b> Drag-and-drop quote building that combines the ease of a Google Doc with structured data—so flexible deals still automate downstream&period; Teams can quote from standardized plans or create fully custom quotes—with all deals living in the same system rather than a spreadsheet&period;<&sol;li>&NewLine;<li><b>Subscription Management&colon;<&sol;b> Real-time visibility into subscriptions&comma; amendments&comma; and renewals—so every change stays in sync for invoicing and reporting&period;<&sol;li>&NewLine;<li><b>Billing&colon;<&sol;b> Automatically generates accurate invoices from accepted quotes and changes—supporting flexible schedules and usage-based billing without manual work&period;<&sol;li>&NewLine;<li><b>Financial Reporting&colon;<&sol;b> Centralizes subscription and billing data to automate revenue recognition and deliver real-time metrics like ARR&comma; bookings&comma; and AR aging with drill-down visibility&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;Quote-to-cash has been an under-the-radar pain point for startups for several years now&period; Founders and finance leaders are either managing deals in spreadsheets or buying enterprise software that takes six months to implement&period; Turnstile is the first platform that&&num;8217&semi;s tailored to how growing companies actually sell&comma; capable of handling complex deals without the complex setup&comma;&&num;8221&semi; said Todd Jackson&comma; Partner at First Round Capital&period;<&sol;p>&NewLine;