Over the past 12 months, I have increasingly seen many expense management companies raise huge sums of money in a relatively short space of time. Dealroom data shows that expense management companies have raised over half of their 2021 total ($3.2bn) in 2022 already ($1.8bn). When looking at the data, something that jumped out to me was that many companies had raised multiple rounds in quick succession. The salient examples being;
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What is the best wedge product?
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Over the past 12 months, I have increasingly seen many expense management companies raise huge sums of money in a relatively short space of time. Dealroom data shows that expense management companies have raised over half of their 2021 total ($3.2bn) in 2022 already ($1.8bn). When looking at the data, something that jumped out to me was that many companies had raised multiple rounds in quick succession. The salient examples being;