Hubspot helped the onlime business finance provider boost its series B round to $215m as Central and Eastern Europe's startup scene continues to grow.

UK-headquartered business payments and expense management platform developer Payhawk extended its series B round to $215m today, adding $100m from investors including customer management software provider HubSpot’s corporate venturing unit, Hubspot Ventures.

Venture capital firm Lightspeed Venture Partners led the extension, which also featured Endeavor Catalyst, Sprints Capital and Jigsaw VC.

The round ostensibly makes Payhawk, which also has offices in Sofia and whose founders are Bulgarian, the first Bulgaria-founded company to reach unicorn status, with a valuation of $1bn.

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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