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Accounts Payable Automation Solution Stampli Announces $61M Venture Funding Round Led By Blackstone

PRIVATEOct 03, 2023

Amount Raised

$61 Million

Round Type

Funding Round

Mountain ViewSoftwareArtificial IntelligenceEnterprise SoftwareFintechSaaS

Investors

Next World CapitalBloomberg BetaSignalFireInsight PartnersBlackstone

Description

Stampli, a leader in AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. This latest funding round takes the total amount raised by the company to over $148 million.

Quick answer

Stampli raised $61 Million in a Funding Round round, dated October 3, 2023. Investors: Next World Capital, Bloomberg Beta, SignalFire, Insight Partners and Blackstone. Stampli is based in Mountain View, California, United States.

How much did Stampli raise?
Stampli raised $61 Million in a Funding Round round on October 3, 2023.
Who invested in Stampli?
Next World Capital, Bloomberg Beta, SignalFire, Insight Partners and Blackstone are named as investors in this round.
What does Stampli do?
Stampli is for Accounts Payable teams that want the efficiency of automation, but don’t want to rework their ERP or change their existing AP processes.
Where is Stampli based and how big is it?
Stampli is based in Mountain View, California, United States.
Who are the decision-makers at Stampli?
Fundz holds 2 contacts at Stampli. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Enterprise Software and Fintech around the same time

Companies in the same sectors as Stampli that raised within 45 days of this round, from Fundz verified event records.

  • Usage.AI raised $9M (Funding Round) on September 12, 2023.
  • Guidde raised $16M (Funding Round) on October 31, 2023.
  • Atana raised $6M (Series A) on October 11, 2023.
  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Aampe raised $7.5M (Funding Round) on October 5, 2023.
  • Orquesta raised $845K (Seed) on October 2, 2023.

Who to call at Stampli, and when

A new round usually means Stampli is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Stampli raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Stampli, from your own LinkedIn network

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Company Information

Company

Stampli

Location

Mountain View, California, United States

About

Stampli is for Accounts Payable teams that want the efficiency of automation, but don’t want to rework their ERP or change their existing AP processes. Unlike other solutions, Stampli provides full support for the full range of native functionality for more than 70 ERPs — enabling us to deploy in a matter of days, not months, with no disruption to your business. Stampli brings all of your AP-related communication, documentation, and workflows into one place for complete visibility and control. It’s simple for users to learn and even simpler to use, especially with Billy the Bot™ automating nearly all of your capture, coding, routing, fraud detection, and other manual tasks. For even greater efficiency, Stampli’s core AP solution is complemented by a suite of integrated products that include Direct Pay, Credit Cards, Advanced Vendor Management, and others. Stampli provides complete visibility and control over your entire AP program. It reduces the risk of errors, fraud, and compliance issues while improving vendor relationships and making your AP processes much more efficient.

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Fundz sees it the moment Stampli raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Stampli raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.