About Settle
Settle is a company based in San Francisco (United States) founded in 2019 by Alek Koenig. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Settle has raised $91 million across 4 funding rounds from investors including SVB, Kleiner Perkins and Ribbit Capital. Settle has completed 1 acquisition, including Hello Turbine. Settle offers products and services including Inventory Management, Working Capital, Accounts Payable Automation, Procurement, and Tally (AI Assistant). Settle operates in a competitive market with competitors including Qonto, Melio, Lili, Azets and Esker, among others.
- Headquarter San Francisco, United States
- Founders Alek Koenig
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Settle Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$91 M (USD)
in 4 rounds
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Latest Funding Round
$145 M (USD), Debt – Conventional
Jul 25, 2023
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Investors
SVB
& 6 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Settle
Settle offers a comprehensive portfolio of products and services, including Inventory Management, Working Capital, Accounts Payable Automation, Procurement, and Tally (AI Assistant).
Inventory tracking is unified across sales and systems.
Financing is provided for inventory and growth needs.
Payments and bills are automated for operational efficiency.
Procurement processes are streamlined to reduce manual tasks.
AI insights are offered for financial decision-making support.
People of Settle
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Funding Insights of Settle
Settle has successfully raised a total of $91M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $145 million completed in July 2023. 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.
Investors in Settle
Settle has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Kleiner Perkins and Ribbit Capital.
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Early-stage companies in fintech and multiple sectors are invested in.
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Venture capital firm investing in early-stage tech startups
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A venture firm based in San Francisco and New York, investments are made in technology companies.
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Investor details for Settle
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Investments & Acquisitions by Settle
Settle has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hello Turbine.
Investment portfolio details for Settle
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based ERP solutions are provided for business operations management.
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Complete acquisition details for Settle
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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Financial Statements - Settle
Detailed financials for Settle
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Settle Comparisons
Peer comparison for Settle
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Competitors of Settle
Settle 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 Qonto, Melio, Lili, Azets and Esker, among others.
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Subscription-based online banking is offered to SMEs and freelancers.
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Blood-based pathogen detection devices are manufactured for healthcare applications.
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Digital banking services are offered to freelancers.
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Online accounting, tax, and audit management services for small businesses
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AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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Detailed competitors of Settle
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Verified entity values are shown only after access is granted.
Latest news on Settle
Complete news archive for Settle
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Frequently Asked Questions about Settle
Settle was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Settle is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Alek Koenig is the current CEO of Settle. They have also founded this company.
Settle is a funded company, having raised a total of $91M across 4 funding rounds to date.
Settle is engaged in providing software and financial solutions for consumer packaged goods (CPG) brands. Operations in inventory management, procurement, and accounts payable are automated through their platform. Working capital financing is offered to support inventory purchases and growth initiatives. The company serves startups, scale-ups, and accountants by unifying disconnected systems into a single dashboard. Real-time insights into costs and profitability are provided to aid decision-making. Integration with sales channels, inventory systems, and accounting tools is facilitated to streamline workflows. The focus is placed on reducing manual tasks and enhancing operational efficiency within the CPG sector.
Settle offers Inventory Management, Working Capital, Accounts Payable Automation, Procurement, and Tally (AI Assistant).
Settle has made 1 acquisition, including Hello Turbine.
Settle has 7 investors. Key investors include SVB, Kleiner Perkins, Ribbit Capital, Caffeinated Capital, and Activant Capital.