Pleo raises USD 200 mln

Thursday 9 December 2021 12:06 CET | News

Pleo, a developer of expense management tools aimed at SMBs, has raised USD 200 million.

The money will be used in areas like M&A, picking up the pace on expanding to new countries, bringing more functionality into its core product, and generally expanding its presence as an enabler of ‘the future of work’.

New investor Coatue Management is leading this funding, with strong participation from Alkeon Capital. Previous backers Bain Capital Ventures, Thrive Capital, Creandum, Kinnevik, Founders, Stripes, and Seedcamp also participated.

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Keywords: funding, expansion
Categories: Payments & Commerce | Payments General
Countries: Denmark
This article is part of category

Payments & Commerce