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- Spendesk
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jan 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series C | Tiger Global (lead); Index Ventures; General Atlantic; Eight Roads Ventures; Hexa | $112M | $1.1B | Spendesk 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 2021 | Series C | General 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 2019 | Series B | Eight Roads Ventures (lead); Index Ventures (lead); AA Sons; Wind; Hexa | $69M | - | - |
| Jan 2018 | Series A | Index 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 2017 | Seed | Nicolas 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jan 2018 | ||
| 4 | Participant | Jan 2017 | ||
| 4 | Participant | Jan 2017 | ||
| 3 | Lead | Sep 2019 | ||
| 2 | Lead | Jul 2021 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
This data is available for Pro users. Sign up to see all 23 Spendesk investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Paris |
| Deal Date | 9 Apr 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Spendesk acquisitions and their M&A valuation multiples. Start Free Trial | |
Spendesk Competitors
Spendesk competitors include listed companies like 74Software and Freee, and private ones like Basis, Moss, Enable and Juniper Square.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $388M | - | $1.1B | 3.0x | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | $108M | - | $1.1B | 10.2x | ||
| Publicly listed | $814M | $112M | $1.3B | 1.8x | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $814M | $112M | 1.9x | 1.8x | 13.7x | 9.8x | |||
| $299M | $40M | 2.8x | 2.9x | 21.1x | 21.0x | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $700M | $72M | 2.6x | 2.5x | 25.6x | 8.5x | |||
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $315M | $58M | 1.1x | 1.1x | 6.0x | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $109M | $433K | 2.6x | 2.7x | 648.3x | - | |||
This data is available for Pro users. Sign up to see all Spendesk competitors and their valuation data. Start Free Trial | ||||||||
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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