🏆 Deal of the Week · CW 13/2022
Yokoy raised USD 80 million in a Series B round in March 2022, reaching a post-money valuation of USD 420 million. The round was led by Sequoia Capital, marking a significant vote of confidence in AI-driven spend management automation from one of the world's most prominent venture firms.
Yokoy — key deal facts
| Company | Yokoy |
| Founded | 2019 |
| Headquarters | Zurich, Switzerland |
| Amount raised | USD 80M |
| Valuation | USD 420M |
| Round | Series B |
| Investors | Balderton Capital (https://www.balderton.com) Left Lane Capital (https://www.leftlanecap.com) Sequoia Capital (https://www.sequoiacap.com) SIX FinTech Ventures (https://www.six-group.com/en/company/innovation/start-ups.html) Speedinvest (https://www.speedinvest.com) Swisscom Ventures (https://ventures.swisscom.com) Visionaries Club (https://visionaries.vc) Zinal Growth (https://www.zinal.com/) |
| Sectors | Artificial Intelligence |
Who invested in Yokoy?
The round attracted a broad syndicate of eight investors: Balderton Capital, Left Lane Capital, Sequoia Capital, SIX FinTech Ventures, Speedinvest, Swisscom Ventures, Visionaries Club, and Zinal Growth. The mix is notable for combining global tier-one venture capital—Sequoia and Balderton—with strategic Swiss backers such as SIX FinTech Ventures and Swisscom Ventures, underscoring both the international scalability of Yokoy's platform and its deep roots in the Swiss financial ecosystem.
What does Yokoy do?
Yokoy is a Zurich-based fintech founded in March 2019 by five co-founders, including CEO Philippe Sahli and Melanie Gabriel. The company builds an AI-powered spend management platform that automates expense reporting, invoice processing, and corporate credit card operations. Its core engine validates expense data from receipts against more than 300 data points, materially reducing manual finance-team workload. In 2025 Yokoy was acquired by TravelPerk and now operates as part of the Perk platform for integrated travel and spend management.
Yokoy valuation & multiples
No verified revenue or EBITDA figures were provided for this transaction, so a precise EV/Sales or EV/EBITDA multiple cannot be stated. For context on how AI and fintech SaaS peers are valued, see the Venionaire DealMatrix sector multiples pages for Artificial Intelligence and Financial Technology, where current EV/Sales and EV/EBITDA ranges are tracked and updated regularly.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Yokoy raise in its Series B?
Yokoy raised USD 80 million in its Series B round in March 2022.
What is Yokoy's valuation?
Yokoy's post-money valuation was USD 420 million following the Series B round.
Who invested in Yokoy?
The Series B was led by Sequoia Capital and co-invested by Balderton Capital, Left Lane Capital, SIX FinTech Ventures, Speedinvest, Swisscom Ventures, Visionaries Club, and Zinal Growth.
When was Yokoy founded and where is it based?
Yokoy was founded in March 2019 and is headquartered in Zurich, Switzerland.
Source: original announcement — read the full report.