Spendesk Secures €100M to Unlock Spend Management

The all-in-one spend management solution provider Spendesk announced that it has raised €100M in its Series C round for unlocking spend management for all finance teams.

Spendesk’s Series C round was led by global growth equity firm General Atlantic, with further investment from the firm’s existing partners, including Index Ventures and Eight Roads Ventures. 

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The company’s spend management aims to streamline every aspect of spending & managing money at work: expenses, card payments, and invoice processing, but also approval workflows and accounting automation.

“Spendesk is driving much-needed digital innovation in antiquated finance processes and helping to define the spend management software category,” said Aaron Goldman, Managing Director and Global Co-Head of Financial Services, General Atlantic.

With the funds, Spendesk plans to double headcount within the next two years, and build transformative products.