BillShrink Grows By $8 Million With Plans To Expand To New Markets

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BillShrink, a startup that aims to help users save money across a variety of vertical markets, has closed an $8 million Series B funding round led by Trinity Ventures and Bessemer Venture Partners. The round brings BillShrink’s total funding to around $9 million, after a $1 million Series A round last year.

As part of the deal Trinity’s Gus Tai will join BillShrink’s board of directors, which also includes David Cowan (founder of VeriSign) and Matt Coffin (founder of LowerMyBills). Cowan recently launched Bessemer-incubated startup MashLogic.

BillShrink originally launched in April as a service for saving costs on mobile phone bills. In September the site expanded to helping users identify their ideal credit card. BillShrink says it will use the new funding to continue expanding into new verticals. Despite the woes facing the startup world as a whole, BillShrink seems to be positioning itself well – in the current economic climate the company shouldn’t have any problem finding users looking to save some cash.

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