Jeeves Raises $131M in Funding

Jeeves, a NYC-based provider of a management platform for startups, raised $131M in funding.

The $31m in equity consists of a new $26m Series A led by Andreessen Horowitz and a previously unannounced $5m seed round. An additional $100m was raised in debt financing. 

The company intends to use the funds to onboard new companies, scale its infrastructure add new countries and currencies as well as expand operations and its development efforts.

Co-founded by Dileep Thazhmon and Sherwin Gandhi, Jeeves provides a management platform for companies to spin up their finance function and get access to 30 days of credit on a corporate card, noncard payment rails, and cross-border payments. Customers can also pay back in multiple currencies, this reducing FX fees.

Customers include hundreds of companies such as RobinFood, Bitso, Belvo, Justo, Worky, Runa, and Muncher, among others.

Currently live in US, Mexico, Canada, Jeeves is a YCombinator company.