Jeeves, an NYC-based expense management platform for global startups, raised $57 million in Series B funding at a $500M valuation, led by CRV.
Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management and a key group of angel investors including Kevin Durant, Andre Igoudala, Odell Beckham Jr., The Chainsmokers, and the founders of eight unicorn companies — Adolfo Babatz (CEO, Clip), Gabriel Braga (CEO, QuintoAndar), Pierpaolo Barbieri (CEO, Uala), Zac Prince (CEO, BlockFi), Immad Akhund (CEO, Mercury), Pablo Gonzalez (Founder, Bitso), Tom Blomfield (Founder, Monzo Bank), Des Traynor (Founder, Intercom), Bo Jiang (CEO, Lithic) and founders from UiPath, Auth0, GoCardless, Hashdex, Dr. Consulta, Buser, Frubana and Pomelo also participate in the round.
The company intends to use the funds to accelerate its launch in Colombia, UK, Europe; scale its proprietary infrastructure to cover more currencies; acquire a new talent and accelerate the onboarding of new companies to the platform.
Company: Jeeves Inc.
Raised: $57.0M
Round: Series B
Funding Month: September 2021
Lead Investors: CRV
Additional Investors: Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management, Kevin Durant, Andre Igoudala, Odell Beckham Jr., The Chainsmokers, Adolfo Babatz, Gabriel Braga, Pierpaolo Barbieri, Zac Prince, Immad Akhund, Pablo Gonzalez, Tom Blomfield, Des Traynor, Bo Jiang, and founders from UiPath, Auth0, GoCardless, Hashdex, Dr. Consulta, Buser, Frubana and Pomelo
Company Website: https://www.tryjeeves.com/
Software Category: Expense management platform
About the Company: Led by founders, Dileep Thazhmon and Sherwin Gandhi, Jeeves is an all-in-one expense management platform featuring cash, corporate cards with up to 4% cashback, and cross border payments for startups operating in global markets including Mexico, Colombia, Chile, Canada, UK, and Europe. Jeeves can handle multiple currencies for payback. Jeeves now powers more than 1000 top companies across LatAm, Canada, and Europe including Bitso, Kavak, RappiPay, Belvo, Runa, Moons, Convictional, Muncher, Juniper, Trienta, Platzi, Worky, and others.
Source: https://www.finsmes.com/2021/09/jeeves-raises-57m-in-series-b-funding-at-500m-valuation.html