Spendesk in a €100 million Series C round backed by General Atlantic and existing including Index Ventures and Eight Roads Ventures.
20 July 2021
Spendesk, a Paris, France-based B2B financial service provider, announced closing funding worth €100 million ($118M) in what the company dubs Series C round.
The money was raised from investors led by General Atlantic with all previous investors including Index Ventures and Eight Roads Ventures participating.
Spendesk, founded in 2016 by CEO Rodolphe Ardant, developed an all-in-one spend management solution which combines spend approvals, virtual cards, physical cards, expense reimbursements, and invoice management. The company also operates CFO Connect, a community for finance leaders with regular meetups, helpful content and an exclusive Slack channel.
Spendesk previously raised $18 million extension to its 2019 Series B backed by new investor Eight Roads Ventures in 2020 out of a total almost $70 million since launch.
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