Blackstone closing on significant investment in fintech startup Stampli
Blackstone closing on significant investment in fintech startup Stampli
The investment giant is set to lead a funding round of over $50 million in the company that has developed an AI-powered Accounts Payable automation solution
The American investment giant Blackstone is in advanced negotiations for an investment of tens of millions of dollars in the Israeli fintech company Stampli, which develops an AI-powered Accounts Payable automation solution.
Calcalist has learned that Blackstone, managed in Israel by Yifat Oron, will lead a significant investment round in Stampli that will exceed $50 million. According to estimates, existing investors of the company are expected to participate in the round, including Insight Partners, SignalFire, and Nextworld Capital. The company has raised $87 million to date. Blackstone and Stampli did not respond to Calcalist’s request for comment.
Blackstone officially opened its offices in Israel about two years ago and has not made a significant investment in Israel since, with the exception of several investments in startup companies. Blackstone is known to have previously invested in Pentera, Mitiga, Wiz, and Cloudinary.
Blackstone, which has a market cap of around $114 billion, currently prefers acquiring or investing in technology companies in significant amounts of no less than many tens of millions of dollars. This is based on the understanding that a small investment does not affect the profitability of a giant like itself.
In the upcoming months, according to estimates, we will see increased investment activity not only by Blackstone but also by other American funds that seek to invest significant sums of money in companies that are in good shape. To Stampli's credit, the company never pursued a disproportionate value and is therefore able to raise funds without negatively impacting the company's valuation.
Stampli was founded by the brothers Eyal and Ofer Feldman in 2015. It currently employs over 200 people and operates from Tel Aviv (where the development center is located) and California.
Stampli develops a complete AP automation platform that brings together accounts payable communications, documentation, and payments in one place. Stampli’s AI, Billy the Bot, learns an organization’s unique patterns to simplify GL and costing-related coding, automate approval and verification flows, identify duplicate invoices, and reduce time spent on manual data entry.
