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.
Amazon Says Fear of Google Putting Off Vendors From TV Hardware Partnership
Tensions between Amazon and Google, with whom it competes in several markets, have recently reached a boiling point.
After the company claimed that more than a half dozen hardware vendors had informed them they would not enter into a TV manufacturing relationship.
With the e-commerce group due to concerns about retaliation from the search giant.
Amazon has now come clean about a statement made by its Indian subsidiary to India’s antitrust authorities years ago about Google’s alleged exploitation of its dominating position in the Android market.
The regulator confirmed Google’s misuse of its dominant position in Android in a statement released on Thursday, and the company was fined $162 million as a result.
The Indian Competition Commission questioned Samsung, Microsoft, and Mozilla as part of its probe.
Quick examination of the 293-page order made public on Friday revealed that nobody spoke as freely as Amazon.
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.
Conclusion
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.
