Spendesk: Raised €35m in Series B funding

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Spendesk: Raised €35m in Series B funding

Spendesk: Paris-based spend management platform, raised €35m in Series B funding

  • Spendesk is aiming for international expansion after raising the funding
  • The round was led by Index Ventures, which also led last year’s Series A round
  • Spendesk will use the funding to develop its products and grow internationally, with focus on the UK market
  • They doubled its European customer base to 1,500 businesses in the last 12 months
  • Spendesk, first spend management platform built for both finance teams and employees
  • It combines virtual and physical payment methods with real-time spend analysis