Zevoy to raise €15 million in a round led by Blossom Capital, joined by Maki.vc and Brightly Ventures.

Zevoy, an Espoo, Finland-based SAAS startup developing a B2B expense management solution, announced that it raised a series A funding round closed at €15 million ($16.4M).

The money was raised from investors led by British VC Blossom Capital, joined by existing Nordic investors Maki VC from Finland and Brightly Ventures from Sweden.

The proceeds will be used for expansion, as Zevoy is looking to launch in eight new markets in total during Q2 of 2022

Zevoy, founded in 2020 by Ron Lindqvist, Aage Reerslev, Joakim Lundborg, Jonas Strahl and CEO Christoffer Rosqvist, develops a service for other companies combining an expense business card with a receipt scanning app and administration portal. The service is sold as a SAAS expense management solution, an all-in-one business card (virtual or physical) with which you can scan receipts, match purchases with receipts, manage and forward expenses digitally into accounting.

Zevoy previously raised €3.8 million in a seed round closed mid 2021. It was also featured on the hottest startup list from Finland to watch in 2022.