Pleo
Pleo is a business spend management platform that provides virtual and physical payment cards, expense management, and accounts payable tools.
Pleo has raised €495M across 9 funding rounds from 16 investors, most recently a Debt round in May 2024. Based in Copenhagen, Denmark; founded 2015; active in Fintech. Data as of 28 Oct 2026.
Total raised
€495M
€495,473,676
Funding rounds
9
Investors
16
distinct backers
Active since
2016-05
latest 2024-05
Funding by year
EUR raised per yearPleo — funding by year — interactive chart.
Data table
| Pleo — funding by year | |
|---|---|
| 2016 | €3.2M |
| 2017 | €3.0M |
| 2018 | €13M |
| 2019 | €50M |
| 2021 | €387M |
| 2024 | €40M |
Signals
High confidenceRaise-next likelihood7
base rate 45% for Debt
- ▼ Dormant (no round in 3+ cohort gaps)
- ▼ Down/flat last round
- ▼ Low backer re-investment
Exit likelihood23
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▲ 9 rounds raised
- ▲ 11y since founding (typical exit age)
- ▼ No recent equity round (debt-only or quiet)
Timing: dormant vs cohort gap · momentum down. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
9 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2024-05-02 | Debt | €40M | HSBC Innovation Banking UK | View deal → |
| 2021-12-09 | Other | €177M | Alkeon Capital,Bain Capital Ventures,Coatue,Creandum,Founders,Kinnevik+3 more | View deal → |
| 2021-07-07 | Series C | €127M | Bain Capital Ventures,Creandum,Founders,Kinnevik,Seedcamp,Stripes+1 more | View deal → |
| 2021-04-21 | Other | €83M | — | View deal → |
| 2019-04-01 | Series B | €50M | Stripes | View deal → |
| 2018-02-01 | Other | €13M | Creandum,Founders startup studio,Kinnevik,Seedcamp,Vækstfonden | View deal → |
| 2017-02-01 | Early VC | €3.0M | Creandum,Founders,Seedcamp | View deal → |
| 2016-09-01 | Seed | €2.7M | Founders | View deal → |
| 2016-05-01 | Seed | €500k | Founders,Speedinvest | View deal → |