#100m lightspeed venture manual
With the extra funds, Payhawk now has the financial clout required to aggressively expand its presence in the mid-size enterprise market and continue its ambitious global expansion plans.Ĭurrently, finance teams still do a significant amount of manual work due to multiple disconnected tools for cards, payments, invoices, and expense management. The additional funding comes only three months after Payhawk announced the initial tranche of Series B funding in November 2021 of $115m, and less than a year after its $20m Series A round in April 2021. Lightspeed Venture Partners a global venture capital firm with over $10.5bn under management and prior investments in companies like Affirm, Grafana, Faire, FTX, Personio, Snap, and others leads the funding extension, with Sprints Capital, Endeavor Catalyst, HubSpot Ventures and Jigsaw VC also joining the round. The company plans to become a catalyst for the Bulgarian startup ecosystem, and continue to attract and retain the top 1% of talent in the market. The Series B extension means that the company hits a valuation of $1bn, making Payhawk the first ever Bulgarian company to achieve unicorn status.
Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m.
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