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PLEO
Pleo
Business spend management / corporate cards fintech · Copenhagen · Denmark · Founded · 2015

Pleo Funding — Last Valued at $4.7B

Private

Pleo has raised $476.7M across 9 funding rounds. The company is valued at $4.7B (post-money).

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Pleo funding · at a glance
Total raised, all rounds
$476.7M
sum of disclosed sizes
Funding rounds
9
priced rounds
Latest round
May 2024
May 2024
Lead on that event
HSBC Innovation Banking
lead investor
2024
About Pleo

Pleo is backed by Bain Capital Ventures, Thrive Capital, and four other investors. The company raised $200 million in a funding round that tripled its valuation to $4.7 billion.

Funding timeline

The Pleo funding timeline

9 funding rounds, the latest highlighted.

2015
Pleo founded

Pleo was founded in 2015, Denmark.

OCT 2015
Seed

A primary round — the company sells new shares to investors it selects. $4.1M raised.

Valuation basisAmount$4.1MPrice / shareLead
MAY 2016
Seed

A primary round — the company sells new shares to investors it selects. $555K raised, led by Speedinvest.

Valuation basisAmount$555KPrice / shareLeadSpeedinvest
SEP 2016
Seed

A primary round — the company sells new shares to investors it selects. $3M raised, led by Founders.

Valuation basisAmount$3MPrice / shareLeadFounders
FEB 2017
Seed at $19.9M post-money

A primary round — the company sells new shares to investors it selects. $4.4M raised, led by Creandum.

Valuation basispost-moneyAmount$4.4MPrice / shareLeadCreandum
JUN 2018
Series A at $56.3M post-money

A primary round — the company sells new shares to investors it selects. $16M raised, led by Kinnevik.

Valuation basispost-moneyAmount$16MPrice / shareLeadKinnevik
MAY 2019
Series B at $255M post-money

A primary round — the company sells new shares to investors it selects. $56M raised, led by Stripes.

Valuation basispost-moneyAmount$56MPrice / shareLeadStripes
JUL 2021
Series C (initial) at $1.7B post-money

A primary round — the company sells new shares to investors it selects. $150M raised.

Valuation basispost-moneyAmount$150MPrice / shareLead
DEC 2021
Series C (extension) at $4.7B post-money

A primary round — the company sells new shares to investors it selects. $200M raised, led by Coatue Management.

Valuation basispost-moneyAmount$200MPrice / shareLeadCoatue Management
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Pleo funding rounds in full

9 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Debt LATEST
May 2024
$42.7M
—
—
HSBC Innovation Banking
—
Series C (extension)
Dec 2021
$200M
$4.7Bpost-money
—
Coatue Management
—
Series C (initial)
Jul 2021
$150M
$1.7Bpost-money
—
—
—
Series B
May 2019
$56M
$255Mpost-money
—
Stripes
—
Series A
Jun 2018
$16M
$56.3Mpost-money
—
Kinnevik
—
Seed
Feb 2017
$4.4M
$19.9Mpost-money
—
Creandum
—
Seed
Sep 2016
$3M
—
—
Founders
—
Seed
May 2016
$555K
—
—
Speedinvest
—
Seed
Oct 2015
$4.1M
—
—
—
—
Pleo · investors

Investors

HHSBC Innovation BankingLEADCoatue ManagementLEADStripesLEADKKinnevikLEADCCreandumLEADFFoundersLEADSSpeedinvestLEADBain Capital VenturesThrive CapitalSSeedcamp

Frequently asked questions

Who are Pleo's competitors?›

The closest business spend management / corporate cards fintech peers are on the competitors page.

How can I get exposure to Pleo?›

The routes section explains what is realistically available for a company at this stage.

Is Pleo publicly traded?›

No. Pleo is a private company; its shares do not trade on a public exchange.

What is Pleo's valuation?›

The last valuation is $4.7B.

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