Spendesk Valuation, Funding & Investors

Spendesk is valued at $1.1B as of January 2022.

Last Spendesk valuation

$1.1B

Series C · Jan 2022

Last Spendesk funding round

$112M

Series C · Jan 2022

Cumulative funding Spendesk raised

$312M

across 5 funding rounds

Key investors in Spendesk

  • Index Ventures
  • AA Sons
  • Hexa
  • Eight Roads Ventures
  • General Atlantic
  • Tiger Global

Spendesk Overview

About Spendesk

Spendesk is a spend management platform providing virtual cards, expense automation, and full visibility for finance teams. Founded in 2016 and Paris-headquartered, it serves thousands of businesses including Algolia, Soundcloud, Curve, Doctolib, Gousto, Raisin, Sezane, and Wefox. Spendesk powers CFO Connect, a global community exceeding 7,000 finance leaders, through spendesk.com across Europe.


Founded

2016

HQ

FranceParis

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.1B (Jan 2022)

Spendesk Valuation

Spendesk is currently valued at $1.1B, based on its Series C in January 2022.

The $112M round was led by Tiger Global, with participation from Index Ventures, General Atlantic, Eight Roads Ventures and Hexa.

Spendesk valuation by funding round

Spendesk valuation by funding round
DateStageValuation
Jan 2022Series C$1.1B

Spendesk Funding History

Spendesk has raised a total of $312M across 5 funding rounds.

Spendesk's first fundraising round was a $2M seed round in January 2017. The most recent completed round was a $112M Series C in January 2022.

Spendesk funding rounds

Spendesk funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series CTiger Global (lead); Index Ventures; General Atlantic; Eight Roads Ventures; Hexa$112M$1.1BSpendesk is a French fintech providing an AI-powered spend management platform that combines prepaid company cards, expense reporting, invoice payments, budget management, and procurement tools in a single SaaS solution to simplify accounting and approvals for finance teams. The platform serves over 3,500 customers primarily in France, Germany, and the UK as of early 2022, with clients processing €3 billion in spend through it in 2021 alone. On January 17, 2022, Spendesk raised a $114 million (€100 million) extension to its Series C round led by Tiger Global, with participation from investors including Eight Roads Ventures, General Atlantic, Hexa, and Index Ventures, achieving unicorn status at a post-money valuation exceeding $1.14 billion (€1 billion). The funding was aimed at tripling the team size to 1,000 employees by end-2023 and expanding operations. The company had previously raised €100 million in July 2021 led by General Atlantic and earlier rounds including a Series B of $38.4 million led by Index Ventures. Post-round, Spendesk surpassed €10 billion in spend under management and continued scaling, reaching €20 billion in 2024 with 5,000 clients and 200,000 users across Europe. It launched Spendesk Financial Services as a regulated payment institution and achieved profitability in 2025, becoming the first European spend management platform to do so, while operating in the €70 billion Office of the CFO software market growing at 13% annually.
Jul 2021Series CGeneral Atlantic (lead); Index Ventures; AA Sons; Eight Roads Ventures$119M-Spendesk is a Paris-based spend management platform founded in 2016 that provides corporate cards, invoice processing, expense reimbursements, and budget management tools for businesses. The platform processes payments and spending data for enterprise and mid-market customers across Europe, with 3,000 clients by mid-2021 including brands like SoundCloud, Doctolib, Gousto, and Algolia. In July 2021, Spendesk raised $118 million (€100 million) led by growth equity investor General Atlantic, with participation from existing investors Index Ventures and Eight Road Ventures. This was part of the company's rapid scaling phase, having doubled its revenue year-over-year and grown its team from 150 to 300 employees during 2021. The company processed €3 billion in customer spend in 2021 alone, demonstrating significant transaction volume and market traction across its European customer base. While the company did not publicly disclose its post-money valuation immediately following the July 2021 round, it reached unicorn status (over $1 billion valuation) when Tiger Global led a €100 million extension to the Series C in January 2022, shortly after this round.
Sep 2019Series BEight Roads Ventures (lead); Index Ventures (lead); AA Sons; Wind; Hexa$69M--
Jan 2018Series AIndex Ventures (lead); Clement Benoit; Financiere Saint James; Laurent Asscher; Michael Benabou; Pieterjan Bouten; AA Sons; Hexa; Louis Jonckheere$10M-Spendesk raised $9.8 million in its Series A round in January 2018, led by Index Ventures, with participation from AA Sons, Clement Benoit, Financiere Saint James, Hexa, Laurent Asscher, Louis Jonckheere, Michael Benabou, and Pieterjan Bouten. The funding aimed to scale operations and enhance the platform's features. Spendesk provides a spend management platform combining prepaid corporate cards with expense reporting, policy controls, and IBAN-based top-ups for employee spending. The round followed a seed round of approximately $2.2 million in January 2017 to expand the team and accelerate product development. Spendesk focused on building product-market fit and onboarding early enterprise customers post-Series A.
Jan 2017SeedNicolas Steegmann; Edward Lando; AB Tasty; Andrew Nutter; AA Sons; FundersClub; La Belle Assiette; Eduardo Ronzano; Hexa; Giorgio Riccò; Kima Ventures; Frederic Montagnon$2M--

Who has invested in Spendesk?

23 investors have backed Spendesk across its funding rounds, including Index Ventures, AA Sons, Hexa, Eight Roads Ventures, General Atlantic and Tiger Global.

Lead investors include Tiger Global, General Atlantic, Eight Roads Ventures and Index Ventures.


Spendesk Investors

Investors in Spendesk by funding rounds participated
InvestorHQRoundsRoleFirst check
Index VenturesUnited KingdomLondon4LeadJan 2018
AA SonsUnited KingdomUnited Kingdom4ParticipantJan 2017
HexaFranceParis4ParticipantJan 2017
Eight Roads VenturesUnited KingdomLondon3LeadSep 2019
General AtlanticUnited StatesNew York City, NY2LeadJul 2021
Nicolas SteegmannFranceFrance1ParticipantJan 2017
Edward LandoUnited StatesMiami, FL1ParticipantJan 2017
Clement BenoitFranceParis1ParticipantJan 2018
AB TastyFranceFrance1ParticipantJan 2017
Andrew NutterFranceParis1ParticipantJan 2017
Financiere Saint JamesFranceParis1ParticipantJan 2018
Laurent AsscherMonacoMonaco1ParticipantJan 2018
Michael BenabouFranceParis1ParticipantJan 2018

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Acquisitions by Spendesk

Spendesk has acquired 1 company to date.

Last acquisition by Spendesk was on April 9th 2024. Spendesk acquired Okko for undisclosed valuation.


Latest Acquisitions by Spendesk

Okko
Description
Okko is a procurement software platform that digitizes vendor sourcing, purchase request collaboration, and contract lifecycle management for enterprises. The tool streamlines supplier onboarding, RFQ processes, and renewal tracking through cloud-based workflows. Okko serves mid-sized firms in North America automating procurement to reduce cycle times and compliance risks.
HQ CountryFrance
HQ City
Paris
Deal Date9 Apr 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Spendesk Competitors

Spendesk competitors include listed companies like 74Software and Freee, and private ones like Basis, Moss, Enable and Juniper Square.

Public and private companies comparable to Spendesk
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BasisUnited StatesNew York City, NYPrivate$388M-$1.1B3.0x
MossGermanyBerlinPrivate--$1.2B-
EnableUnited StatesSan Francisco, CAPrivate--$1.1B-
Juniper SquareUnited StatesSan Francisco, CAPrivate$108M-$1.1B10.2x
74SoftwareFranceFrancePublicly listed$814M$112M$1.3B1.8x
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x

Spendesk Public Comps

Spendesk is still privately-owned, but its public comps include 74Software, Fujian Boss Software, Freee, BlackLine, Teamshares, Miroku Jyoho Service, Nordtech Group, Baiwang Cloud, Vertex and Avant Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
74Software$814M$112M1.9x1.8x13.7x9.8x
Fujian Boss Software$299M$40M2.8x2.9x21.1x21.0x
Freee$214M$6M6.3x4.8x237.7x65.4x
BlackLine$700M$72M2.6x2.5x25.6x8.5x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Miroku Jyoho Service$315M$58M1.1x1.1x6.0x-
Nordtech Group$72M$15M5.1x-25.2x-
Baiwang Cloud$109M$433K2.6x2.7x648.3x-

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Common questions about Spendesk

When was Spendesk founded?Spendesk was founded in 2016.
Where is Spendesk headquartered?Spendesk is headquartered in Paris, France.
Is Spendesk publicly listed?No, Spendesk is a private, VC-backed company.
What is Spendesk's valuation?Spendesk was last valued at $1.1B in its Series C in January 2022.
How much funding has Spendesk raised?Spendesk has raised $312M across 5 funding rounds.
What was Spendesk's last funding round?Spendesk's last funding round was a $112M Series C in January 2022, led by Tiger Global.
Who are Spendesk's investors?Spendesk's investors include Index Ventures, AA Sons, Hexa, Eight Roads Ventures, General Atlantic, Nicolas Steegmann, Edward Lando, Clement Benoit, AB Tasty, Andrew Nutter and 13 others.
Which companies are comparable to Spendesk?Companies comparable to Spendesk include Basis, Moss, Enable, Juniper Square, 74Software and Freee.
How many companies has Spendesk acquired?Spendesk has acquired 1 company, including Okko.

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