The corporate card provider was valued at $2.1bn in a round backed by Stanford University that increased its funding to $380m altogether.
Jeeves, the US-based provider of a corporate card tailored for startups, has pocketed $180m in a series C round backed by Stanford University.
The round was led by internet group Tencent and filled out by financial services firm Silicon Valley Bank, GIC, Andreessen Horowitz, Haven Ventures, Clocktower Ventures, Urban Innovation Fund, Gaingels, Spike Ventures, CRV, private investor Carlo Enrico and unnamed family offices. It brought Jeeves’ total funding to $380m.
Founded in 2019, Jeeves provides corporate cards and an all-in-one expense management system to startups, e-commerce companies and small and medium-sized enterprises. It claims to currently serve companies in 24 counties across three continents.
The round valued the company at $2.1bn and the proceeds will be used to grow its footprint across Canada, Europe and Latin America, as well as onboarding more talent and further developing its platform.
Jeeves…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
