🏆 Deal of the Week · CW 29/2021
Soldo raised USD 180 million in a Series C round in July 2021; the company's valuation was not disclosed. The round was backed by a syndicate of six investors led by Temasek, alongside Sunley House Capital, Citi Ventures, Accel, Battery Ventures, and Dawn Capital.
Soldo — key deal facts
| Company | Soldo |
| Founded | 2015 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 180M |
| Valuation | Remains Undisclosed |
| Round | Series C |
| Investors | Temasek (https://www.temasek.com.sg/en/index) Sunley House Capital (https://www.adventinternational.com/) Citi Ventures (https://www.citi.com/ventures/) Accel (https://www.accel.com/) Battery Ventures (https://www.battery.com/) Dawn Capital (https://dawncapital.com/) |
| Sectors | FinTech |
Who invested in Soldo?
The round drew participation from Temasek, Sunley House Capital, Citi Ventures, Accel, Battery Ventures, and Dawn Capital. The investor mix is notable for its breadth: it spans a sovereign wealth vehicle (Temasek), a dedicated corporate venture arm from a global bank (Citi Ventures), and established European and transatlantic technology growth funds (Accel, Battery Ventures, Dawn Capital). That combination reflects institutional conviction in both the near-term revenue trajectory and the longer-term infrastructure role Soldo occupies in business spend management.
What does Soldo do?
Soldo is a London-headquartered FinTech company founded in 2015 by Carlo Gualandri, who serves as CEO. The company operates a pay-and-spend automation platform that pairs Mastercard-issued company cards with management software, giving businesses real-time visibility and control over employee and team expenditure across categories such as travel, advertising, and software subscriptions. Its core product suite includes pre-programmed company cards, a mobile application for cardholders, and a spend management dashboard that automates expense administration and integrates with accounting systems.
Soldo valuation & multiples
Explore the benchmarks: Series C.
Frequently asked questions
How much did Soldo raise in its Series C?
Soldo raised USD 180 million in its Series C round in July 2021.
What is Soldo's valuation?
Soldo's valuation was not disclosed in connection with this Series C round.
Who invested in Soldo?
The Series C was backed by Temasek, Sunley House Capital, Citi Ventures, Accel, Battery Ventures, and Dawn Capital.
When was Soldo founded and where is it based?
Soldo was founded in 2015 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.