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Expense management software company Center is raising more cash

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Bellevue, Wash.-based startup Center is reeling in additional cash, according to a new SEC filing.

  • The filing reveals $30 million raised in fresh capital. The company confirmed to GeekWire that it has raised a Series C round but declined to provide more details.
  • Founded in 2017, Center targets mid-market companies that need help managing business expenses. It offers a corporate card and software tools. The startup makes money with a usage-based model.
  • The company raised $15 million in October 2022, which pushed total funding to more than $110 million.
  • Center is led by CEO Naveen Singh. He’s the son of former Concur CEO and co-founder Steve Singh, who is executive chairman at Center.

Source: Geek Wire

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