Expenses Firm Pleo Snags $4.7 Billion Valuation in Funding Round
- Firm raises $200 million to finance European expansion
- New investors Coatue Management and Alkeon Capital Management
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Expenses-management startup Pleo raised $200 million in equity funding to finance its European expansion plans, valuing the company at $4.7 billion, Chief Executive Jeppe Rindom said in an interview.
The company has nearly tripled its valuation since July, when it raised $150 million at a $1.7 billion valuation. The Copenhagen-based startup’s newest investors include technology-focused investment manager Coatue Management and hedge fund Alkeon Capital Management.