Spendesk provides a unified spend management platform that helps businesses control, track, and automate company spending. The platform combines prepaid cards, expense management, invoice processing, and approval workflows into a single system designed for finance teams.
It is widely adopted by fast-growing startups and mid-market enterprises looking to modernize financial operations.
What Is Spendesk and What Does It Do?
Spendesk, founded in 2016, is a Paris-based (France) fintech company that offers prepaid corporate cards and expense management software for businesses. The platform enables companies to set spending limits, approve purchases in real time, collect receipts automatically, and generate detailed spending reports.
Spendesk employs between 201-500 employees and serves thousands of companies across Europe.
How Much Funding Has Spendesk Raised?
1. Seed Round
- Amount Raised: $2.15M
- Lead Investors: Kima Ventures, FundersClub
- Motivation: To build the initial spend management platform and validate product-market fit.
2. Series A
- Amount Raised: $9.9M
- Lead Investors: Index Ventures
- Motivation: To expand the product and onboard early enterprise customers.
3. Series B
- Amount Raised: $38.6M
- Lead Investors: Index Ventures
- Motivation: To scale operations and strengthen expense management capabilities.
4. Series B
- Amount Raised: $21.3M
- Lead Investors: Eight Roads Ventures
- Motivation: To accelerate growth across European markets.
5. Series C
- Amount Raised: $118M
- Lead Investors: General Atlantic, Index Ventures, Eight Roads Ventures
- Motivation: To expand globally and enhance product automation.
6. Series C
- Amount Raised: $114M
- Lead Investors: Tiger Global Management, General Atlantic
- Motivation: To scale enterprise adoption and strengthen financial infrastructure.
Total Funding Raised: $304 Million
Current Valuation: $1.14 Billion (as of Jan 2022)
Latest Funding Date: January, 2022
Key Investors
1. General Atlantic
- Details: Global growth equity firm backing category-defining technology companies.
- Investment Focus Areas: Fintech, enterprise software, consumer technology.
- Notable Investments: Spendesk, Stripe, Airbnb, Uber, Klarna.
2. Tiger Global Management
- Details: Global investment firm focused on high-growth technology companies.
- Investment Focus Areas: Internet, software, fintech, marketplaces.
- Notable Investments: Spendesk, Stripe, Coinbase, Snowflake, Flipkart.
3. Index Ventures
- Details: Venture capital firm supporting technology founders globally.
- Investment Focus Areas: SaaS, fintech, consumer technology.
- Notable Investments: Spendesk, Revolut, Figma, Notion, Roblox.
4. Eight Roads Ventures
- Details: Global venture capital firm with a strong European presence.
- Investment Focus Areas: Technology, healthcare, enterprise software.
- Notable Investments: Spendesk, AppDynamics, Mirakl, Neo4j.
Where Is Spendesk’s Headquarters?
Spendesk is headquartered in Paris, France, a major European hub for fintech and SaaS innovation.
What’s Next for Spendesk?
Spendesk is focused on deepening enterprise adoption, expanding beyond Europe, and enhancing automation across procurement, invoicing, and expense controls. With growing demand for real-time financial visibility, the company is positioned to become a core financial operating layer for modern businesses.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Spendesk. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.