Yokoy, a Zurich, Switzerland-based provider of a spend management platform, raised $26 million in a Series A funding round led by Left Lane Capital, with participation from European investor, Balderton Capital.
The company intends to use the funds to expand operations, accelerate growth into the US, Europe, and more regions across the globe and further enhance the technologies underpinning the platform.
Company: Yokoy Group AG
Round: Series A
Funding Month: October 2021
Lead Investors: Left Lane Capital
Additional Investors: Balderton Capital
Company Website: https://www.yokoy.ai/
Software Category: AI-based full spend management platform
About the Company: Founded in 2019 and led by CEO Philippe Sahli, CTO Dr. Devis Lussi, CCO Lars Mangelsdorf, CMO Melanie Gabriel, and CFO Thomas Inhelder, Yokoy is a fintech platform that provides an AI-based full spend management suite for midsize and enterprise companies. By combining automation, API integrations, and machine learning developed in its research lab, the company offers expense management, supplier invoice management, and corporate credit cards in a single tool. All underpinned by security and stability. Midsize to enterprise customers can configure Yokoy to fit their exact global corporate structure and business processes. The company serves more than 400 midsize and enterprise customers worldwide including DPD Group, Stadler Rail, Russia’s Sberbank, the Swiss bank Swissquote.