04 July 2023

Blackstone closing an investment in Stampli

Written By FinTech Alliance

Blackstone closing an investment in Stampli

The investment giant is set to lead a funding round of over $50 million in the company that has developed an AI-powered Accounts Payable automation solution

In brief:

-According to estimates, existing investors of the company are expected to participate in the round, including Insight Partners, SignalFire, and Nextworld Capital.

-The company has raised $87 million to date.

-Stampli was founded by the brothers Eyal and Ofer Feldman in 2015. It currently employs over 200 people and operates from Tel Aviv (where the development center is located) and California. 

What does this mean?

In the upcoming months, according to estimates, we will see increased investment activity not only by Blackstone but also by other American funds that seek to invest significant sums of money in companies that are in good shape.

Read more here.

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