Creandum leads €5.5m round for Pleo

The round saw participation from early backers Seedcamp and Danish seed investor Founders.

Pleo's latest funding completes a DKK 20m capital injection it received in September 2016, when it attracted capital from family office Kirkbi – owned by heirs to the Lego fortune – as well as apparel group Bestseller founder Anders Holch Poulsen, and Danish charitable foundation Oticon Fonden.

Creandum supplied equity from its most recent vehicle, the €180m 2016-vintage Creandum Fund IV.

Company
Headquartered in Copenhagen and London, Pleo offers a MasterCard and mobile app for company expenses.

The fintech startup provides a prepaid virtual or physical MasterCard that can be given to employees for company expenses. Pleo's accompanying app allows automatic retention of receipts, spending categorisation and expense management.

People
Creandum – Johan Brenner (general partner).

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