Spendesk
Latest round
- Series C
Last raised
- Feb 2022
Total raised
- $283M
Investors
- 7
About Spendesk
Based in Paris, France, and founded in 2016, Spendesk SAS operates as a provider of financial management solutions for corporate expenses, invoices, and payments. The company employs 300 people as of July 2021. Spendesk platform helps enterprises by providing smart payments, virtual and physical cards for employees, expense reimbursements, invoice management, automated spend approvals, and budgets. It also enables them to control and track their real-time expenses by tracking the expenditure of the company from purchase to ledger. The platform generates virtual cards for secure online spending along with providing secure and customizable debit cards. The platform consolidates expense reimbursements alongside all other company spending and allows smooth procure-to-pay process. The platform enables streamlining purchase orders and supplier invoices linked to team approvals, budgets, payments & accounting. The platform also reduces the time spent on month-end closing by automating VAT extraction, expense account allocation and receipt reconciliation and also allows subscription management for managers. The platform can also be integrated into other accounting and financial software. The company generates revenue through a monthly subscription fee depending on their choice of a plan from Starter, Essentials to Scale. Starter and Essentials are designed for SMBs while Scale is intended for more established and growing businesses. Spendesk plans to bring more automation and insights to every aspect of business spending and expand its business in Europe. It also plans to double its headcount within the next two years and fill up the open positions in product and engineering, sales, marketing, customer success, people, and finance teams.
Who invested in Spendesk
7 investors across 6 rounds
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Questions about Spendesk
Who invested in Spendesk?
Spendesk has 7 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Spendesk raised?
Spendesk has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Spendesk last raise money?
Spendesk's most recent round on record is a Series C, in Feb 2022.
What does Spendesk do?
Based in Paris, France, and founded in 2016, Spendesk SAS operates as a provider of financial management solutions for corporate expenses, invoices, and payments.
Where is Spendesk headquartered?
Spendesk is headquartered in Paris, France.
Which VCs invest in companies like Spendesk?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Marktlink Capital back software companies at Spendesk's stage. Their profiles are linked below.
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