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New Deal


Announced

Completed

Tencent led a $180m Series C round in Jeeves.

Financials

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Transaction Value£136m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Cross Border

Digital Services

Venture Capital

Private Equity

expense management platform

Completed

Private

Friendly

enterprise resource planning

Minority

Acquisition

Single Bidder

Synopsis

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Tencent, a Chinese multinational technology and entertainment conglomerate, led a $180m Series C round in Jeeves, the all-in-one corporate card and expense management platform for global startups, with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels and Spike Ventures. "While we are in one of the toughest environments for startup funding this year, we are excited in the trust investors have, not only in Jeeves but in growing businesses who will be able to use our financial products globally," Dileep Thazhmon, Jeeves CEO and Founder.

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