Turnstile

Turnstile officially launched in February 2026, backed by $29 million in funding from investors including First Round, OMERS Ventures, and Illuminate Financial. The company targets the operational pain points that arise from complex and negotiated SaaS deals, which often strain legacy billing systems and rely on cumbersome spreadsheets. It positions itself as a self-service alternative to enterprise platforms that traditionally require lengthy and costly implementations.

The platform automates the entire revenue lifecycle through four main modules: quoting, subscription management, billing, and financial reporting. Using AI, Turnstile converts commercial terms from new quotes or existing contracts into structured data. This process automates downstream workflows, including invoicing, revenue recognition, and reporting, creating a single source of truth for customer agreements. The system is designed to handle flexible deal structures, such as usage-based pricing, custom schedules, and mid-cycle amendments, without causing operational disruptions. Early customers include companies like Crafting, Reform, and Brellium. With its recent funding, Turnstile plans to accelerate product development, with a roadmap that includes features like agentic dunning for automated collections and a chat interface for conversational revenue operations.