Jeeves, an all-in-one expense management platform for global startups, raised a $57M Series B at a $500M valuation round led by CRV.
This Series B also includes participation from Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management, and a key group of angel investors including Kevin Durant, Andre Igoudala, Odell Beckham Jr., The Chainsmokers, and the founders of eight unicorn companies Adolfo Babatz (CEO, Clip), Gabriel Braga (CEO, QuintoAndar), Pierpaolo Barbieri (CEO, Uala), Zac Prince (CEO, BlockFi), Immad Akhund (CEO, Mercury), Pablo Gonzalez (Founder, Bitso), Tom Blomfield (Founder, Monzo Bank), Des Traynor (Founder, Intercom), Bo Jiang (CEO, Lithic) and founders from UiPath, Auth0, GoCardless, Hashdex, Dr. Consulta, Buser, Frubana and Pomelo.
Jeeves will use the capital to fuel its launch in Colombia, UK, Europe; scale its proprietary infrastructure to cover more currencies; acquire new talent, and accelerate the onboarding of new companies to the platform. Currently, there is a 15,000+ company waitlist.
Company: Jeeves Inc.
Raised: $57.0M
Round: Series B
Funding Month: September 2021
Lead Investors: CRV
Additional Investors: Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management, Kevin Durant, Andre Igoudala, Odell Beckham Jr, Adolfo Babatz, Gabriel Braga, Pierpaolo Barbieri, Zac Prince, Immad Akhund, Pablo Gonzalez, Tom Blomfield, Des Traynor, Bo Jiang, and founders from UiPath, Auth0, GoCardless, Hashdex, Dr. Consulta, Buser, Frubana and Pomelo
Company Website: https://www.tryjeeves.com/
Software Category: Expense Management
About the Company: Led by founders, Dileep Thazhmon and Sherwin Gandhi, Jeeves is an all-in-one expense management platform for startups in global markets including Mexico, Colombia, Chile, Canada, UK, and Europe. Cash, corporate cards with up to 4% cashback, and cross-border payments all run on the Jeeves proprietary infrastructure which allows companies to spin up their finance function within minutes. Jeeves can handle multiple currencies for payback. More than 1000 global companies trust Jeeves with their financial payment stack. Jeeves has grown its transaction volume (GTV) by more than 5000% since Jan 2021 and both revenues have increased 1150% since its Series A earlier this year. Jeeves now covers more than 12 currencies and 10 countries across three continents and today announces its launch in Colombia, the UK, and Europe; in addition to its existing markets of Mexico and Canada.
Source: https://www.prnewswire.com/news-releases/jeeves-yc-s20-raises-57-million-series-b-led-by-crv-at-500-million-valuation-to-fuel-launch-in-uk-europe-and-colombia-301368086.html