About Pleo
Pleo is a company based in Copenhagen (Denmark) founded in 2015.. Pleo has raised $434.02 million across 9 funding rounds from investors including Seedcamp, Speedinvest and BESTSELLER. Pleo offers products and services including Smart Company Cards, Invoices Management, and Reimbursements. Pleo operates in a competitive market with competitors including Spendesk, Concur, W.A.G. payment solutions, Marqeta and Jeeves, among others.
- Headquarter Copenhagen, Denmark
- Stage Unicorn
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Sectors
Travel & HospitalityTechnology Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pleo Technologies A/S
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$434.02 M (USD)
in 9 rounds
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Latest Funding Round
$42.71 M (USD), Debt – Conventional
May 02, 2024
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Investors
Seedcamp
& 14 more
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Employee Count
Employee Count
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Products & Services of Pleo
Pleo offers a comprehensive portfolio of products and services, including Smart Company Cards, Invoices Management, and Reimbursements. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure physical and virtual cards for business spending control
Automated system for capturing, approving, and paying invoices
Platform for tracking and processing employee expense claims
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Funding Insights of Pleo
Pleo has successfully raised a total of $434.02M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $42.71 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Debt – Conventional — $42.7M
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First Round
First Round
(05 Oct 2015)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Conventional - Pleo | Valuation |
investors |
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| Nov, 2021 | Amount | Series C - Pleo | Valuation | Coatue | |
| Jun, 2021 | Amount | Series C - Pleo | Valuation | Bain Capital Ventures , Thrive Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pleo
Pleo has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Seedcamp, Speedinvest and BESTSELLER. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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VC fund focused on equity markets
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pleo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pleo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pleo Comparisons
Competitors of Pleo
Pleo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spendesk, Concur, W.A.G. payment solutions, Marqeta and Jeeves, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Prepaid fuel and toll payment cards are provided for fleets.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pleo
Frequently Asked Questions about Pleo
When was Pleo founded?
Pleo was founded in 2015.
Where is Pleo located?
Pleo is headquartered in Copenhagen, Denmark.
Is Pleo a funded company?
Pleo is a funded company, having raised a total of $434.02M across 9 funding rounds to date. The company's 1st funding round was a Series C of $150M, raised on Oct 05, 2015.
What does Pleo do?
Pleo was founded in 2015 in Copenhagen, Denmark, as a SaaS provider in the expense management sector for business travel. Automated expense reports, accounting tools, receipt matching, fraud detection, and integrations with accounting systems are offered. Corporate expense cards are issued to employees and linked to a mobile app for real-time notifications and purchase categorization. The platform is accessible via iOS and Android devices.
What products or services does Pleo offer?
Pleo offers Smart Company Cards, Invoices Management, and Reimbursements.
Who are Pleo's investors?
Pleo has 15 investors. Key investors include Seedcamp, Speedinvest, BESTSELLER, Alkeon Capital Management, and Kinnevik.
What is Pleo's valuation?
The valuation of Pleo is $4.7B as of Nov 2021.
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