Greenoaks led the Series B round, which values the company at $570m.
"Ask any business owner, and they’ll tell you that managing corporate spend is among the most frustrating parts of running a company. It requires significant manual work that consumes employee time and introduces substantial room for error. Payhawk turns a fragmented process into a seamless one, providing a single place to manage the entire spending lifecycle from company cards to expenses and bill payments to invoices. We’ve been thrilled to see how fast they’ve grown, already serving a truly global customer base that’s attracted by powerful and delightful software. We think that painful expense reports and bill payments should be a thing of the past, and we are excited to partner with Payhawk on the way to getting there."
Octopus Ventures led the Series A round to support product development and international expansion.
"We have come a long way as a company with phenomenal progress in the last two years taking the company far beyond its original sync-based business. We now provide the backbone for any modern media company, encompassing every part of their software requirements. We are excited to be working with Octopus with their focus and commitment on a long-term strategy in the company, funding not only this current round but also building further finance rounds as music, media and broadcast growth continues to explode, presenting a wealth of opportunities"
Fitch Ventures led the Series A round to support the company as it expands its team and enters the US market.
"We are thrilled to be adding the resources and expertise of Fitch Group and XTX to the Cognitive Credit mission. Every day we strive to push the boundaries of what technology can do for credit investors, and we see huge opportunities to collaborate with our new strategic partners in this area. We have received phenomenal feedback from clients over the past year, and with this capital raise and near-term additions to the team, we couldn’t be more excited about our global expansion and further product roll-out in 2022."
Arete led the Series A investment round with participation from Begin and MatrixCapital.
"The traditional customer analytics industry has historicallyfocussed on a two-dimensional understanding of the customer and their motivation, which isgreat, but there was a real gap in the market that needed to be filled in terms of what isgoing on elsewhere in the space."
The Series A round was led by Triple Point, TMT Investments and Ufi Ventures to support growth in the UK and US markets.
"Candidates are now mobile-first. They are comparing their job search experience to Amazon, Booking.com and other online consumer experiences. Imagine if Booking.com redirected you to the hotel’s webpage to complete your booking – how frustrating an experience would that be?"