
Soldo Closes $180 Million Oversubscribed Series C Funding Round
This investment follows an impressive 4x growth in spend volume across Soldo's platform since series B, despite the backdrop of the challenging macro-economic environment.
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CIO Applications Europe | Monday, August 02, 2021

This investment follows an impressive 4x growth in spend volume across Soldo's platform since series B, despite the backdrop of the challenging macro-economic environment.
FREMONT, CA: Soldo, the leading European pay and spend automation platform, announced that it has closed a $180 million oversubscribed Series C funding round, a European record for the spend management category. The fundraise was led by Temasek, a leading global investor headquartered in Singapore.
The round includes new investors Sunley House Capital, Advent International's crossover fund, Citi Ventures, and continued backing from Accel, Battery Ventures, Dawn Capital, and Silicon Valley Bank for debt financing. Goldman Sachs acted as the exclusive placement agent to Soldo for the deal.
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This investment follows an impressive 4x growth in spend volume across Soldo's platform since series B, despite the backdrop of the challenging macro-economic environment.
Soldo's European pay and spend automation platform gives businesses real-time visibility and cost control across all departments. The funding round means Soldo can continue accelerating product development and market expansion across Europe's addressable market of $170bn.
Carlo Gualandri, CEO and Founder of Soldo, said: "We are delighted to welcome Temasek as the lead investor. With a track record of investing in category-leading fintechs, Temasek's insights will be valuable to us as we scale our platform and offering. Managing business spend is costly and challenging, yet Soldo continues to demonstrate its value and ease to customers of every size and across every industry. It's clear this category will see exponential growth as more businesses realize the benefits and Soldo is well placed to support them."
Serving more than 26,000 customers from small and mid-market to global enterprises in more than 30 countries, Soldo is best positioned to help businesses manage their spending. Whether across travel and entertainment, online advertising, vendor management, software subscriptions, or anything else. Its customers include Mercedes Benz, GetYourGuide, Gymshark, Bauli, and Brooks Running.
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