£38.3M
Accel-KKR led the financing alongside an expanded debt facility with Silicon Valley Bank.
"Revenue-generating partnerships drive more than 20% of total sales for most Fortune 1000 brands,"
Silicon Valley Bank
CorporateSilicon Valley Bank provides commercial and international banking services to innovative businesses and investors across global innovation centres.
Recent investments
£2.0M
Silicon Valley Bank provided the debt facility to support growth and marketing initiatives.
£48.7M
The Series B round was co-led by Battery Ventures and Dawn Capital to accelerate international growth.
"I’m very proud of the team’s achievements over the past 12 months, but we have barely scratched the surface of the opportunity ahead of us. There are over 3 million businesses in our target markets, the UK and Italy, and over 5.5 million businesses in the next three largest markets in Europe. Most of these businesses are still using reimbursable expenses, spreadsheets and manual processes to manage the expense management cycle. The time saving and additional control over company spending and expense management that Soldo offers businesses of all sizes is a true game-changer, and we will continue to accelerate growth and consolidate our position as market leaders in the UK, Italy and Ireland over the next 12 months."
£2.0M
The London RegTech firm has closed its first venture debt funding round to support operations in Europe and Asia.
"Our ambition is to create a world where compliance is transparent and viewed as a business enabler rather than a hindrance. Our clients being global means that we already have a presence in many regions across the world. The funding received from Silicon Valley Bank will help us deliver our solution to financial institutions that are headquartered in Europe, Asia and US."