Spendesk, a spend management FinTech, has reached a valuation of $1.14bn.
In Brief:
This follows its €100mn Series C fundraise.
The round was led by Tiger Global.
It included existing investors General Atlantic, Eight Roads Ventures, Index Ventures and eFounders.
What does this mean?
The new raise comes after a €100mn was raised in July 2021, and makes Spendesk a unicorn with its new valuation. The customer base has reached 3500 with a workforce of 300, and wants to use its new funding to hire more people and develop products.
