The latest round brings the total invested in Bill.com to $80 million. Rory O'Driscoll, a partner with ScaleVP, has joined the Bill.com board of directors as part of the investment.

Also partipating in the funding were Bank of America, American Express, Fifth Third Bank, Pete Kight, founder of CheckFree, and Commerce Ventures, as well as previous investors - August Capital, Napier Park Global Capital, TTV Capital, Jafco Ventures, Emergence Capital and DCM.