Spendesk, the all-in-one spend management platform for finance teams, has raised €100M in Series C funding led by global growth equity firm General Atlantic. All previous investors, including Index Ventures and Eight Roads Ventures, also participated in this round.
With the new funds, Spendesk plans to affirm its position as a leading spend management solution in Europe. This includes doubling headcount within the next two years and accelerating product innovation, with Slack and Microsoft alumnus.
Company: Spendesk SAS
Round: Series C
Funding Month: July 2021
Lead Investors: General Atlantic
Additional Investors: Index Ventures and Eight Roads Ventures
Company Website: https://www.spendesk.com/
Software Category: all-in-one spend management platform
About the Company: Spendesk offers an intuitive SaaS spend management solution that provides full visibility and control on all company spending with every purchase trackable to a person, a project, and a budget. The platform combines payments, processes, and data into one source of truth, with virtual and physical cards for employees, expense reimbursements, invoice management, automated spend approvals, and budgets. The solution aims to liberate finance teams from day-to-day admin tasks, freeing them to focus on proactive and strategic value-add.