Spendesk Raises €100 Million in Series C

by Kay Aloha Villamor in August 20th, 2021

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

Raised: €100.0M 

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.

Source: https://ibsintelligence.com/ibsi-news/spendesk-secures-e100m-in-series-c-funding-led-by-general-atlantic/

Your cart
    Checkout