What is Pleo?
Founded in 2015, Pleo provides a sophisticated platform for business spend management, offering smart payment cards and an integrated mobile application. By enabling real-time expense tracking, receipt matching, and granular control over employee spending limits, the company addresses critical pain points in corporate financial operations. Pleo has effectively positioned itself as an essential tool for modern enterprises seeking to digitize and automate their procurement and reimbursement workflows, thereby enhancing operational transparency and financial governance.
How much funding has Pleo raised?
Pleo has raised a total of $471.4M across 6 funding rounds:
Angel/Seed
$3M
Angel/Seed
$3.3M
Series A
$16M
Series B
$56.1M
Series C
$350M
Debt
$43M
Angel/Seed (2016): $3M with participation from Founders and Speedinvest
Angel/Seed (2017): $3.3M led by Seedcamp, Creandum, and Founders
Series A (2018): $16M supported by Vaekstfonden, Seedcamp, Creandum, and Kinnevik
Series B (2019): $56.1M featuring Creandum, Stripes, Founders, and Kinnevik
Series C (2021): $350M backed by Alkeon Capital Management, Thrive Capital, Bain Capital Ventures, and Coatue
Debt (2024): $43M with participation from HSBC
Key Investors in Pleo
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, Trade Republic, Pleo, Depop, Klarna, KRY, Epidemic Sound and Small Giant Games.
Founders
Founders is a company that invests in and builds software companies, focusing on creating innovative solutions within the software industry to foster growth and success.
Kinnevik
Kinnevik is an industry-focused investment company that works in partnership with talented founders and management teams to create, invest in and lead fast-growing digital consumer businesses.
What's next for Pleo?
Following its recent strategic financing, Pleo is well-positioned to accelerate its market penetration and product development. The company's focus is expected to shift toward scaling its enterprise-grade features and expanding its footprint within the competitive fintech ecosystem. By leveraging its established network of institutional backers and its proven ability to secure diverse forms of capital, Pleo is poised to further refine its automated financial solutions, potentially targeting deeper integration with global accounting software and expanding its service offerings to meet the evolving demands of international business clients.
See full Pleo company page
