202013 Oct
Spendesk Adds $18M to its Series B Round from Eight Roads Ventures
Type
Funding Rounds
Companies
Source
Businesswire
Summary

This funding will support the strong growth Spendesk has realised despite the current pandemic, which has accelerated digitisation of finance departments and increased the demand for spend management solutions. More than ever, finance teams seek visibility and real-time access to accurate data to allow their businesses to maneuver safely through these challenging times,” says Spendesk CEO & Co-Founder Rodolphe Ardant. To support the scaling of Spendesk’s go-to-market strategy, and presence in key markets such as France, Germany & UK, Joseph Smith is joining the executive leadership team as Chief Revenue Officer. Founded in 2016 by Rodolphe Ardant, Guilhem Bellion and Jordane Giuly within French startup studio eFounders, Spendesk now serves over 40,000 end-users at growing businesses such as Algolia, Amboss, Curve, Doctolib, Gousto, Raisin, Sezane, Wefox. Eight Roads has $6bn AUM, 250 portfolio companies and 50 years of venture investing experience with portfolio companies such as Alibaba, AppsFlyer, Compte Nickel, Cúram, Funnel.io, Future Advisor, Flywire, HiBoB, InnoGames, Icertis, iPipeline, Kensho, Letgo, MADE.com, Neo4j, Nuance, Ping Identity, Prosper, Paidy, Red Point, Toast, Treatwell, Wallapop and Xoom.

Classifications
  • Accounting and Taxes
  • Expense Report
  • Electronic Medical Records
  • Healthcare