Venture • Software

Eight Roads and General Atlantic Invest In Spendesk

On October 13, 2020, private equity firm Eight Roads and growth capital firm General Atlantic invested in software company Spendesk

Investment Context
  • This is Eight Roads’ 33rd and General Atlantic’s 18th transaction in the Software sector.
  • This is Eight Roads’ 3rd and General Atlantic’s 6th transaction in France.

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Investment Summary

Date October 13, 2020
Target Spendesk
Sector Software
Investor(s) Eight Roads
General Atlantic
Deal Type Venture

Target Company

Spendesk

Paris, France
Spendesk is a smart to spend management software designed for both finance teams and employees. With flexible payments, approvals, automated receipt capture, and real-time spend insights, finance can decentralize operational spending across the business without any loss of control or visibility. Spendesk was founded in 2016 and is based in Paris, France.
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Investors Overview 2

Investor

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


Deal Context for Investor #
Overall 236 of 293
Sector: Software 33 of 46
Type: Venture 213 of 266
Country: France 3 of 6
Year: 2020 14 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 Rimilia Holdings

Worcs, United Kingdom

Rimilia Holdings Ltd. is a designer and developer of cash allocation software solutions and technologies that automate and drive value from existing manually intensive finance processes. Rimilia was founded in 2008 and is based in Worcs, United Kingdom.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Odaseva

San Francisco, California, United States

Odaseva is a unified cloud data protection, compliance, and operations platform for enterprises running Salesforce. The company delivers enterprise-class data governance, providing data protection (backup and recovery, archiving, governor limits monitoring), data compliance for regulation requirements such as GDPR and data operations (Salesforce DX data extensions). Odaseva was founded in 2012 and is based in San Francisco, California.

Buy -
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


Deal Context for Investor #
Overall 256 of 365
Sector: Software 18 of 28
Type: Venture 57 of 98
Country: France 6 of 8
Year: 2020 21 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Opendoor

San Francisco, California, United States

Opendoor is an online real estate marketplace that radically simplifies home buying and selling. The company currently operates in ten cities, including Atlanta, Charlotte, Dallas-Fort Worth, Las Vegas, Nashville, Orlando, Phoenix, Raleigh-Durham, Tampa, and San Antonio. Opendoor was founded in 2014 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Allonnia

Boston, Massachusetts, United States

Allonnia leverages advanced technologies and biology to engineer breakthrough systems to develop and commercialize new waste remediation and management solutions. The company will tackle some of the planet’s most pressing waste pollution challenges, including industrial wastewater treatment, soil remediation, and solid waste management and upcycling. Allonnia is based in Boston, Massaachusetts.

Buy -

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