Valuation · 2022
$1.1B
2024 Revenue
$50M(Est.)
Customers
3.5K
Funding
$311.8M
YOY
4%
Avg ACV
$14.3K
Team · 2025
311
Founded
2016
Spendesk Revenue, Valuation & Funding (2024)
Spendesk generated an estimated $50M in annual revenue in 2024. Source: GetLatka estimate
Spendesk is a financial technology company that provides a spend management platform for businesses. Spendesk's platform includes features such as virtual and physical payment cards, expense management, invoice processing, and budget tracking. The platform is designed to help businesses simplify their financial operations, improve expense control and visibility, and automate administrative tasks. Spendesk serves clients across various industries, including e-commerce, consulting, and technology.
Last updated
Spendesk Revenue
In 2024, Spendesk's revenue reached $50M. The company previously reported $50M in 2024. Since its launch in 2016, Spendesk has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Spendesk Hit $52m revenue in March 2025 | User Submission |
| 2024 | Spendesk revenue in 2024: $50m | sifted.euEstimated |
| 2021 | Spendesk Hit $24.7m revenue in July 2021 | Not recorded |
| 2016 | Launched with $0 revenue |
Spendesk Valuation, Funding Rounds
Spendesk reached a $1.1B valuation in 2022, set during its Valuation round.
Spendesk has raised $311.8M in total funding across 5 rounds, most recently a $114M Series C round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series C Extension | $114M | - | - | techcrunch.com |
| 2022 | Valuation | - | $1.1B | - | techfundingnews.com |
| 2021 | Series C | $117.7M | - | - | Not recorded |
| 2019 | Series B | $68.5M | - | - | Not recorded |
| 2018 | Series A | $9.4M | - | - | Not recorded |
| 2017 | Seed | $2.2M | - | - | Not recorded |
Founders
Axel Demazy
CEO
Rodolphe Ardant
Cofounder
A graduate of École Polytechnique and Columbia University, Rodolphe Ardant created his first company straight out of university. In 2013, he sold Wozaik, a digital advertising startup, to Solocal and took up the role of COO at Drivy before getting back to the entrepreneurial roots with eFounders.
Customers
Spendesk serves 3.5K customers.
Spendesk Employees & Team Size
Spendesk employs approximately 300 people as of 2026, down from 441 in 2024, including 140 sales reps that carry a quota. It serves 3.5K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 311 employees (November 2025) | Not recorded |
| 2025 | Reached 300 employees (January 2025) | sifted.eu |
| 2024 | Reached 441 employees (December 2024) | Not recorded |
| 2024 | Reached 615 employees (October 2024) | Not recorded |
| 2023 | Reached 615 employees (December 2023) | Not recorded |
| 2023 | Reached 615 employees (September 2023) | Not recorded |
| 2023 | Reached 595 employees (July 2023) | Not recorded |
| 2023 | Reached 580 employees (January 2023) | Not recorded |
| 2022 | Reached 547 employees (December 2022) | Not recorded |
| 2022 | Reached 371 employees (January 2022) | Not recorded |
| 2022 | Reached 466 employees (January 2022) | Not recorded |
| 2021 | Reached 351 employees (December 2021) | Not recorded |
| 2021 | Reached 304 employees (August 2021) | Not recorded |
| 2021 | Reached 300 employees (July 2021) | Not recorded |
| 2020 | Reached 243 employees (December 2020) | Not recorded |
| 2020 | Reached 206 employees (June 2020) | Not recorded |
| 2019 | Reached 130 employees (December 2019) | Not recorded |
| 2018 | Reached 47 employees (December 2018) | Not recorded |
Frequently Asked Questions about Spendesk
What is Spendesk's revenue?
As of 2024, Spendesk generated an estimated $50M in annual revenue.
What is Spendesk's valuation?
As of 2022, Spendesk was valued at $1.1B.
Who founded Spendesk?
Spendesk was founded by Rodolphe Ardant.
When was Spendesk founded?
Spendesk was founded in 2016.
Who is the CEO of Spendesk?
The CEO of Spendesk is Axel Demazy.
How much funding does Spendesk have?
Spendesk raised $311.8M across 5 rounds.
How many employees does Spendesk have?
As of 2025, Spendesk had 311 employees.
Where is Spendesk headquartered?
Spendesk is headquartered in Paris, Ile-de-France, France.
Compare Spendesk to the industry
Spendesk operates across multiple industries. Browse revenue, funding, and growth data for Spendesk in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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