All-in-one expenditure management platform Jeeves announced today it has raised $57 million in Series B funding at a valuation of $500 million.
The Series A round, which was led by Andreesen Horowitz in June, is followed by the Series B round, which is being led by CRV.
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Jeeves Raises $57M in Series B funding; at $500M Valuation
New York City-based Jeeves, which provides a cost management platform for worldwide entrepreneurs, recently secured $57 million in Series B funding at a valuation of $500 million.
Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management, and a group of angel investors including Kevin Durant, Andre Igoudala.
Odell Beckham Jr., The Chainsmokers, and the CEOs of eight unicorn companies, Adolfo Babatz (CEO, Clip), Gabriel Braga (CEO, QuintoAndar), Pierpaolo Barbieri (CEO, Uala).
Zac Prince (CEO, Block Jeeves has also added Saar Gur to its board of directors. Gur is a General Partner at CRV, Midas List VC, and an early investor in DoorDash, Patreon, and Mercury Bank.
The money will be used to speed up the onboarding of new organisations to the platform as well as the company’s launch in Colombia, the United Kingdom, and Europe.
Jeeves, founded by Dileep Thazhmon and Sherwin Gandhi, is a one-stop shop for managing your business’s outlays of cash.