Airbase, a San Francisco, CA-based provider of a modern spend management platform, raised $7m in Series A funding.
The round was led by First Round Capital, with participation from Maynard Webb and Village Global.
The company will use the funds to continue to expand operations.
Led by founder and CEO Thejo Kote, Airbase provides a platform gives companies control and visibility over their spend lifecycle — from pre-approval of spend, to making payments, to recording every transaction in their accounting software.
Finance teams can track and oversee exactly when, where, how and by whom money is spent with no effort.
Customers include Gusto, Doximity, Segment, Getaround, Netlify, YourMechanic and others.