Total amount raised
$145.7 Millions
Latest funding date
10/1/2023
Location
Stampli has successfully raised $61 million in its latest Series D funding round, bringing the total number of investors to seven, including SignalFire and Blackstone Group.
The platform offers a comprehensive procure-to-pay solution, integrating accounts payable automation, procurement, payments, and vendor management.
What Is Stampli?
Stampli, founded in 2015 by Eyal Feldman and Ofer Feldman, is headquartered in Mountain View, California. The company specializes in accounts payable automation, leveraging AI to streamline invoice and bill processing.
Stampli's platform simplifies the accounts payable process by automating invoice approvals and payments, enhancing efficiency in the invoice lifecycle. Their offerings include AP Automation, Centralized Collaboration, and Vendor Management.
With a team of 251-500 employees, Stampli continues to innovate in the financial technology space, providing comprehensive solutions for procurement, payments, and vendor management.
How Much Funding Has Stampli Raised?
- Seed Round
- Amount Raised: $3M
- Date: September 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core platform and validate the business model.
- Series A
- Amount Raised: $6.7M
- Date: August 2018
- Lead Investors: SignalFire
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $25M
- Date: October 2019
- Lead Investors: SignalFire
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI capabilities.
- Series C
- Amount Raised: $50M
- Date: May 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product offerings.
- Series D
- Amount Raised: $61M
- Date: October 2023
- Lead Investors: Blackstone Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To become one of the largest FinTech companies and drive operational efficiencies through AI.
Total Amount Raised: $145.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Blackstone Group
- Details: Blackstone Group is the largest alternative asset manager in the world, managing funds across private equity, real estate, credit, and hedge funds. Yifat Oron, a Senior Managing Director at Blackstone, emphasized the importance of building digital-first organizations and praised Stampli's leadership.
- Investment Focus Areas: Digitization of the economy, AI adoption, operational efficiencies.
- Notable Investments: Not publicly disclosed.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. They have a history of supporting companies that drive innovation and transformation in their respective industries.
- Investment Focus Areas: Technology, software, fintech.
- Notable Investments: Not publicly disclosed.
- SignalFire
- Details: SignalFire is a venture capital firm that leverages data and technology to support early-stage startups. They focus on providing operational support and strategic guidance to their portfolio companies.
- Investment Focus Areas: Technology, AI, fintech.
- Notable Investments: Not publicly disclosed.
- Bloomberg Beta
- Details: Bloomberg Beta is a venture capital firm backed by Bloomberg L.P., focusing on early-stage investments in technology companies. They aim to invest in startups that are transforming the future of work.
- Investment Focus Areas: Future of work, technology, AI.
- Notable Investments: Not publicly disclosed.
- NextWorld Capital
- Details: NextWorld Capital is a venture capital firm that invests in enterprise technology companies. They provide strategic support to help companies expand into global markets.
- Investment Focus Areas: Enterprise technology, SaaS, cloud computing.
- Notable Investments: Not publicly disclosed.
What's Next for Stampli?
Stampli stands at the cusp of significant growth opportunities, driven by the increasing demand for AI-powered accounts payable solutions. With the recent $61 million funding round, the company is well-positioned to expand its market reach and enhance its product offerings. The potential market size is substantial, with the AP automation and B2B payments market estimated to be around $70 billion in the U.S. alone, and even larger internationally.
Future fundraising opportunities appear promising as Stampli continues to demonstrate growth and technological advancements. The backing of major investors like Blackstone suggests that additional funding rounds could be on the horizon to support further expansion and innovation. However, Stampli will need to navigate challenges such as intense competition in the fintech space, ensuring the safe and effective use of AI, and maintaining compliance with evolving regulations.
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