Expensify raised only $20 million on the way to the public markets
But not everyone is playing to pocket the most capital. Expensify is readying to go public sometime this year, but its founder David Barrett said he doesn't know how much his company is worth. That's because the expense reporting software-maker hasn't had a private valuation in almost six years, the last time it raised venture capital, and has instead used profit to pay for its own expenses and growth. It's one of the few profitable businesses on the roster to go public this year. And if it pulls off a direct listing as Barrett plans, Expensify will be one of even fewer companies to raise les...
Source: businessinsider.com