Pleo Expands Into Europe Tripling its Value to $4.7BN USD
The extension was led by the technology-focused investment manager, Coatue Management, followed by Alkeon Capital, joining Pleo's Series C.
Source: techtimes.com
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Pleo picks up $200M at a $4.7B valuation to build the next generation of business expense management – TechCrunch
Danish startup Pleo, a developer of expense management tools aimed at SMBs to let them issue company cards and better manage how employees spend money, has picked up a large tranche of funding to help it double down on its business at a time of strong growth. The company has raised $200 million, money that […]
United Kingdom Deepak Ravichandran Michaelb Gilroy Jeppe Rindom Coatue Management Bain Capital Ventures
Source: techcrunch.com
Pleo scores $200m Series C extension
Fintech scale-up Pleo, which offers a simplified expense management tool and smart company cards, has just extended its Series C round by $200m (USD), bringing the total raised to $350 million. Having reached unicorn status in July 2021, the new funding has nearly tripled their valuation to $4.7 billion and means Pleo consolidates its position as the largest spend management company in Europe.
Source: finextra.com