Jeeves Raises $57M in Series B funding; at $500M Valuation

Dileep Thazhmon and Sherwin Gandhi
Jeeves founders – Dileep Thazhmon and Sherwin Gandhi

Jeeves, a NYC-based expense management platform for global startups, raised $57M in Series B funding at a $500M valuation.

The Series B round was led by CRV with participation from Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management and a key group of angel investors 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. Saar Gur, General Partner at CRV, Midas List VC and early investor in DoorDash, Patreon and Mercury Bank, will also be joining the board of Jeeves.

The company intends to use the funds to accelerate its launch in Colombia, UK, Europe; scale its proprietary infrastructure to cover more currencies; acquire new talent and accelerate the onboarding of new companies to the platform.

Led by founders, Dileep Thazhmon and Sherwin Gandhi, Jeeves is an all-in-one expense management platform featuring cash, corporate cards with up to 4% cash back, and cross border payments for startups operating in global markets including Mexico, Colombia, Chile, Canada, UK and Europe. Jeeves can handle multiple currencies for payback.

Jeeves now powers more than 1000 top companies across LatAm, Canada and Europe including Bitso, Kavak, RappiPay, Belvo, Runa, Moons, Convictional, Muncher, Juniper, Trienta, Platzi, Worky and others.