In the continuity of the exceptional year 2021 experienced by the ecosystem of French startups, Spendesk announces a fundraising of 100 million euros.
The start-up that digitizes and centralizes all of a company's expenses (expense reports, online purchases, supplier invoices, etc.) now has the American fund General Atlantic among its investors, already known to support ManoMano, BackMarket or again Doctolib.
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The fintech, which has raised 160 million euros since its launch in 2016, intends to continue its growth dynamic.
Over the past year, it has doubled its customer base, turnover and headcount to reach 300 employees.
"The pandemic, which accelerates the digitization of business processes, showed the relevance of Spendesk
"
,
says co-founder and CEO Rodolphe Ardant.
1 million potential customers in Europe
Spendesk is already established in France and Germany, two markets in which it is the leader, and also has offices in Berlin and San Francisco.
With the 100 million euros raised, the young shoot wants to accelerate outside France.
“We aim to double our workforce by 2022, with half of recruitment from abroad,”
explains Rodolphe Ardant.
We want to recruit specialized profiles to improve our offer, such as our new product director James Colgan who worked for Slack and Microsoft. ”
Read also: 2021 is already shaping up to be exceptional for French Tech
The start-up expects its market to become
“gigantic”
in the coming years.
“The market is not at all mature,
predicts Rodolphe Ardant at
Le Figaro
.
We are a leader by supporting 3,000 companies knowing that we have a million potential customers in Europe. ”
Future prospects that make Spendesk ambitious. His boss, who refuses to give a valuation figure, eventually plans to go public.