Yokoy is a technology company.
Yokoy has raised $108.0M across 3 funding rounds.
Yokoy has raised $108.0M in total across 3 funding rounds.
Yokoy has raised $108.0M in total across 3 funding rounds.
Yokoy's investors include 2xN, Andreessen Horowitz, Goodwater Capital, Left Lane Capital, Owl Ventures, Sequoia Capital, Visionaries Club, Philip Ginthoer, Acton Capital Partners, Blossom Capital, EQT Ventures, Tomahawk.VC.
Yokoy is a Swiss FinTech company that builds an AI-powered platform to automate corporate spend management, including expenses, supplier invoices, credit cards, and payments.[1][2][3] It serves mid-sized to large enterprises worldwide, solving manual processing inefficiencies by capturing data from receipts, detecting fraud, ensuring policy compliance, and integrating with ERP systems like SAP, Oracle NetSuite, and Microsoft for end-to-end automation and spend insights.[2][4][6] With over 500 customers like Stadler Rail, On Running, and BDO, Yokoy raised $107.8M total funding, including an $80M Series B led by Sequoia, before its acquisition by TravelPerk in a $200M round that valued TravelPerk at $2.7B.[1][3]
Founded in 2019 in Zürich, Switzerland, by five founders aiming to simplify expense management, Yokoy started as Expense Robot with an AI-enhanced tool for automating company spending.[1][5] Early traction came quickly: it secured CHF 1.7M ($1.8M) in seed funding co-led by Swisscom and SIX, won over 500 customers within two years, and expanded its platform in June 2021 to cover full spend management.[1][3] Pivotal moments included a Munich office opening, Dutch market entry, and the $80M Series B in 2022, fueling growth to 200+ employees before TravelPerk's acquisition.[1][3][5]
Yokoy rides the FinTech wave of AI automation in corporate finance, addressing rising demands for efficiency amid remote work, global expansion, and regulatory complexity.[1][2][6] Its timing aligns with post-pandemic spend visibility needs and the shift to cloud-based ERP, enabling mid-market firms to compete with enterprises via scalable tools.[2][3] By consolidating fragmented processes, Yokoy influences the ecosystem through integrations that enhance platforms like TravelPerk, accelerating adoption of intelligent spend management and setting standards for AI compliance in Europe and beyond.[3][4]
Post-acquisition by TravelPerk, Yokoy's platform will likely deepen integration into travel-expense workflows, expanding its reach via TravelPerk's global customer base.[3] Trends like generative AI for predictive analytics and embedded finance will shape its evolution, potentially unlocking new revenue from cards and insights amid economic volatility.[2][6] As AI matures in FinTech, Yokoy could redefine spend control, evolving from standalone tool to core infrastructure in unified business platforms—cementing its role in automating the "entire corporate spend" as pioneered since 2019.[1][4]
Yokoy has raised $108.0M across 3 funding rounds. Most recently, it raised $80.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $80.0M Series B | 2xN, Andreessen Horowitz, Goodwater Capital, Left Lane Capital, Owl Ventures, Sequoia Capital, Visionaries Club, Philip Ginthoer | |
| Oct 1, 2021 | $26.0M Series A | 2xN, Goodwater Capital, Left Lane Capital, Owl Ventures, Philip Ginthoer | |
| Mar 1, 2020 | $2.0M Seed | Acton Capital Partners, Blossom Capital, EQT Ventures, Tomahawk.VC, Übermorgen Ventures, Nicole Herzog |