Danish fintech firm Pleo raises another $200 mln at $4.7 bln valuation
09/12/2021 06:00
STOCKHOLM, Dec 9 (Reuters) - Danish financial technology
firm Pleo, which offers expense management tools and "smart"
payment cards for companies, said on Thursday it has raised
another $200 million as part of an extension to its last round
in July that nearly tripled its valuation to $4.7 billion.
Pleo said it plans to use the funds to roll out in more than
a dozen European countries from next year, starting with
Finland, the Netherlands, France and Portugal.
While the extension was led by Coatue Management, Pleo
counts Alkeon Capital, Bain Capital Ventures, Creandum, Kinnevik
KINVb.ST and Seedcamp among its backers. It last raised https://www.reuters.com/article/pleo-fundraising-idCNL3N2OH33P
$150 million in July at a valuation of $1.7 billion.
Pleo, founded in Copenhagen in 2015, operates in Denmark,
Sweden, Germany, Spain, Ireland and the UK, and counts more than
20,000 companies as customers.
"We have big ambitions to grow further across Europe ... we
want to be operating in over 20 countries by 2023," said Jeppe
Rindom, cofounder and CEO of Pleo.
(Reporting by Supantha Mukherjee, European Technology &
Telecoms Correspondent, based in Stockholm
Editing by Matthew Lewis)
((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004;
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