Accel leads $11m series-A for Soldo
Venture capital house Accel Partners has led an $11m series-A round for London-based financial technology startup Soldo.
Connect Ventures, IrReach Ventures, U-Start and R204 Partners also took part in the funding round.
According to a statement, the company will use the fresh capital to invest in product development and increase its presence in the UK and Italy.
Accel partner Sonali de Rycker will join the company's board on completion of the transaction.
Company
Founded in 2014, Soldo develops software products focused on expenditure management for SMEs. The company is based in London and has additional operations across the UK and Italy.
People
Accel Partners – Sonali de Rycker (partner).
Soldo – Carlo Gualandri (founder, CEO).
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