3 min read

We’ve added €100M to make smart company spending the new norm

Rodolphe Ardant

This feels like a serious case of déjà vu. Just six months ago we announced our Series C, and now we've gone and done it again...

I’m thrilled to share that Spendesk has topped up our funding with an additional €100M from leading US investor Tiger Global, with participation from all of our existing investors: Index Ventures, Eight Roads, General Atlantic and eFounders.

This extension to our July Series C  brings our total funding to €260M — and puts us in the ‘unicorn’ club (startups valued at over $1 billion).

We’re incredibly proud to be among the highest-valued startups in France, and to contribute to the thriving European tech ecosystem, along with our friends and customers at Doctolib, Personio, SumUp, and many more.

But most of all, I feel immense pride and gratitude for the people that have brought us to where we are today. We wouldn’t be here without the trust of our customers and the dedication of our team. These are things that money can’t buy. 

Looking back

2021 was a year of tremendous growth for Spendesk. In the past year alone we’ve been voted the best fintech to work for in Europe, hired 100 new Spendeskers, helped our customers manage more than €3BN in spend through our platform, and hosted over 2,000 finance leaders at our inaugural CFO Connect Summit.  

But of course, we’re not stopping there…

Business culture is fundamentally changing before our eyes, shifting to a more decentralized and agile way of working. Spendesk is uniquely positioned to accelerate this transformation, and deliver the visibility, flexibility and real-time insights that businesses need to succeed.

We’ve already helped thousands of companies across Europe and the U.S. save time and money, and transform their spending culture with Spendesk. But we’ve only scratched the surface. There’s a huge opportunity to bring more ease and empowerment to businesses everywhere, and make smart spending the new status quo.

Why did we raise?

It goes without saying that we’ll make exciting investments in our product in 2022 (stay tuned!). But ultimately the best investment we can make in our business is in our people.

Our talented team of Spendeskers are fuelling the bold product innovation, world-class customer support, and thriving finance community that will continue driving us forward. 

If you’re a customer, here's what this funding means for you!

I’m incredibly proud of the culture we’ve built at Spendesk so far. Being named the top fintech employer in Europe by Glassdoor is no small feat, and wouldn’t be possible without the 350+ Spendeskers who share and embody our values on a daily basis. 

To realize our bold ambitions, we’ll need to scale our award-winning culture and bring even more top talent to Spendesk. This was a key incentive for our latest fundraising round.

This new funding will be used to develop and upskill our team, invest in employee wellness, and attract and hire the best talent for Spendesk. From Product Design and Engineering, to Sales and Marketing, we’re looking for caring, daring, growth-minded people who are excited to build the future of spending at work. If that sounds like you, check out our open roles!

It takes a village

Again, a huge thanks to everyone who has been with us on this exciting journey and made our growth possible — our employees, customers, investors, and partners. We’ve come so far together, and it’s only the beginning… 

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Rodolphe Ardant

Rodolphe Ardant is the co-founder and CEO of Spendesk, the all-in one-spend management platform helping businesses spend smarter. Before Spendesk, Rod was founder in residence at startup studio eFounders, COO for the car rental startup Drivy, and founder of Wozaik, a digital advertising startup acquired by Solocal Group in 2013.