Less than seven months after closing on a $57 million Series B, fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 billion.
Financial technology companies raising multiple rounds in a short period of time has become more the norm than an exception as of late. Still, the velocity of Jeeves’ growth and increase in valuation is impressive.
When it raised in September, Jeeves — which describes itself as “an all-in-one corporate card and expense management platform for global startups” — was valued at $500 million. This means it has quadrupled in value in just over six months. It’s also notable that Jeeves only publicly launched in March of 2021, and officially emerged from stealth last June with $31 million in equity financing and $100 million in debt. In the summer of 2020, Jeeves was a participant in Y Combinator’s summer cohort.
Its success is yet another example of how competitive — and lucrative — the corporate card…