Jeeves, a US-based fintech startup, has secured a fundraise of US$ 57 million in a Series B funding round held yesterday, on September 2 2021, from a bunch of investors. CRV led the financing bout, with the participation of Tencent, Silicon Valley Bank, Alkeon Capital Management and Soros Fund Management.
Angel investors club was also seen to contribute to Zeeves’s latest venture round, including Kevin Durant, Andre Igoudala, Odell Beckham Jr., The Chainsmokers and the founders of eight unicorn companies — Adolfo Babatz (CEO, Clip), Gabriel Braga (CEO, QuintoAndar), Pierpaolo Barbieri (CEO, Uala), Zac Prince (CEO, BlockFi), Immad Akhund (CEO, Mercury), Pablo Gonzalez (Founder, Bitso), Tom Blomfield (Founder, Monzo Bank), Des Traynor (Founder, Intercom), Bo Jiang (CEO, Lithic) and founders from UiPath, Auth0, GoCardless, Hashdex, Dr. Consulta, Buser, Frubana and Pomelo.
This fundraise comes just two months following its Series A round of US$ 26 million led by Andreessen Horowitz, with which Jeeves has now raised a total of $183M in less than 90 days.
What the CEO has to say
Co-founder and CEO of Jeeves, Dileep Thazhmon, said, “We were not looking to do another financing round this soon after our Series A, but fueled by our exponential growth, we received strong interest and term sheets from multiple funds. We’re building an all-in-one global expense management platform for startups in LatAm, Canada, Europe and UK — cash, corporate cards, crossborder — all run on our own infrastructure. This gives us a lot of flexibility and allows us to offer a truly unique product for our customers.”
What the Investors have to say
General Partner at CRV, Saar Gur, said, “We were blown away with Jeeves’ growth, consistently hitting and exceeding targets month over month, and the overwhelmingly positive feedback from customers that love the product. Dileep and Sherwin designed Jeeves’ infrastructure from the ground up to dynamically manage cards, bank to a bank transfer, FX across an increasing number of regions. It was evident from day one that this is a high-velocity team dedicated to building the financial operating system that so many global companies need.”
Founded in 2019 by Dileep Thazhmon and Sherwin Gandhi, Jeeves is a fintech company that brings financial solutions to empower businesses globally. The startup is building international fintech infrastructure from scratch; this includes a global switching layer across countries and running all the company spends — corporate cards, non-card and cross-border payment — on Jeeves. For more information, visit https://www.tryjeeves.com/.
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