Expense management platform for startups Jeeves raised $180m in a funding round that values it at $2.1bn.
The round was led by Tencent Holdings and also included Singapore’s sovereign wealth fund GIC, U.S. venture capital firm CRV and several other funds.
Jeeves, which was launched through Silicon Valley’s prominent incubator Y Combinator, develops financial structures to help high-growth startups manage expenses more comprehensively, including payroll and vendor payments, also offering credit lines in the countries where it operates.
Read more: Reuters
