What is Spendesk?
Founded in 2016 by Rodolphe Ardant, Guilhem Bellion, and Jordane Giuly within the French startup studio eFounders, Spendesk offers a comprehensive spend management solution designed for growing businesses. The platform serves over 40,000 end-users at companies such as Algolia, Doctolib, and Wefox. Spendesk's innovative approach to managing corporate expenses, including features for purchasing, travel, and employee reimbursements, has positioned it as a leader in the fintech space. The company's previous funding rounds, including those led by Index Ventures, have been instrumental in its scaling efforts.
How much funding has Spendesk raised?
Spendesk has raised a total of $298.7M across 4 funding rounds:
Angel/Seed
$2.1M
Series A
$9.4M
Series B
$56M
Series C
$231.2M
Angel/Seed (2017): $2.1M with participation from FundersClub and Kima Ventures
Series A (2018): $9.4M led by Louis Jonckheere, Pieterjan Bouten, Laurent Asscher, Michael Benabou, and Index Ventures
Series B (2020): $56M supported by Eight Roads Services Limited and Index Ventures
Series C (2021): $231.2M featuring Index Ventures, Tiger Global, Efounders, Eight Roads Ventures, and General Atlantic
Key Investors in Spendesk
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies. With offices in San Francisco & London, Index Ventures invests in entrepreneurs all over the world.
Eight Roads Services Limited
Eight Roads Ventures is a global investment firm that backs ambitious entrepreneurs and management teams. They focus on technology, healthcare, and financial services, providing long-term capital and strategic support.
eFounders
eFounders is a Startup Foundry focusing on SaaS and marketplace models for SMBs. They act as co-founders, providing expertise, skills, and network access to help projects launch and scale successfully.
What's next for Spendesk?
With its latest major strategic investment, Spendesk is poised for accelerated growth and market penetration. The substantial capital infusion will likely support international expansion, enhance its product suite with advanced features, and potentially explore strategic acquisitions. The company's focus on empowering finance leaders with efficient tools for spend control and visibility suggests a continued emphasis on innovation within the B2B SaaS landscape. This funding round solidifies Spendesk's position as a key contender in the global spend management market, enabling it to further challenge established players and capture greater market share.
See full Spendesk company page
