Settle valuation, funding and investors
Settle works in procurement management platform development, based in New York, United States. Founded in 2019, it has about 67 employees.
- Last round
- Series B · $60.0M · Nov 2021
- Valuation at last round
- $277M · implied
- Headcount
- 67 · shrinking
- Grade
- D
- Founded
- 2019
Settle valuation today
VCMC values Settle at $59.2M today, with a range of $20.7M to $159M and a grade of D. The valuation starts from its last funding round, a Series B round in Nov 2021.
Valuation by date (97 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2019 | $15.7M | $5.73M – $43.2M | $19.4M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $16.2M | $5.88M – $44.4M | $19.6M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $16.6M | $6.03M – $45.5M | $19.8M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $17.0M | $6.19M – $46.7M | $20.0M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $17.5M | $6.35M – $47.9M | $20.1M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $17.9M | $6.53M – $49.3M | $20.3M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $18.4M | $6.70M – $50.5M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $18.6M | $6.77M – $51.1M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $18.8M | $6.83M – $51.5M | $20.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $18.9M | $6.89M – $52.0M | $21.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $19.1M | $6.95M – $52.5M | $21.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $19.3M | $7.01M – $52.9M | $21.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $19.4M | $7.08M – $53.4M | $21.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $19.6M | $7.14M – $53.9M | $21.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $19.8M | $7.21M – $54.4M | $22.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $20.0M | $7.27M – $54.9M | $22.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $20.2M | $7.34M – $55.4M | $22.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $20.3M | $7.40M – $55.9M | $22.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $20.5M | $7.47M – $56.4M | $22.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $20.7M | $7.54M – $56.9M | $23.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $20.9M | $7.61M – $57.4M | $23.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $21.1M | $7.67M – $57.9M | $23.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $21.3M | $7.75M – $58.4M | $23.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $21.5M | $7.81M – $59.0M | $23.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $16.5M | $6.02M – $45.4M | $18.4M (+11%) | before first round | 3 | unknown | D | 0% |
| 1 Feb 2021 | $16.7M | $6.08M – $45.9M | $18.6M (+11%) | before first round | 3 | unknown | D | 0% |
| 1 Mar 2021 | $16.8M | $6.13M – $46.2M | $18.7M (+11%) | before first round | 3 | unknown | D | 0% |
| 1 Apr 2021 | $17.0M | $6.18M – $46.7M | $18.8M (+11%) | before first round | 3 | unknown | D | 0% |
| 1 May 2021 | $17.1M | $6.24M – $47.1M | $19.0M (+11%) | before first round | 3 | unknown | D | 0% |
| 19 May 2021 | $83.5M | $54.8M – $228M | $150M (+80%) | after a round | 3 | unknown | C | 0% |
| 1 Jun 2021 | $85.2M | $54.8M – $228M | $150M (+76%) | after a round | 3 | unknown | C | 0% |
| 1 Jul 2021 | $89.4M | $54.8M – $228M | $150M (+68%) | after a round | 3 | unknown | C | 0% |
| 1 Aug 2021 | $94.0M | $54.8M – $228M | $150M (+60%) | after a round | 3 | unknown | C | 0% |
| 1 Sep 2021 | $98.8M | $54.8M – $228M | $150M (+52%) | after a round | 3 | unknown | C | 0% |
| 1 Oct 2021 | $104M | $54.8M – $228M | $150M (+45%) | after a round | 3 | unknown | C | 0% |
| 1 Nov 2021 | $109M | $54.8M – $228M | $150M (+38%) | after a round | 3 | unknown | C | 0% |
| 18 Nov 2021 | $277M | $195M – $589M | $415M (+50%) | after a round | 3 | unknown | B | 0% |
| 1 Dec 2021 | $281M | $195M – $589M | $415M (+48%) | after a round | 3 | unknown | B | 0% |
| 1 Jan 2022 | $291M | $195M – $589M | $415M (+43%) | after a round | 51 | growing | B | 0% |
| 1 Feb 2022 | $301M | $195M – $589M | $415M (+38%) | after a round | 51 | growing | B | 0% |
| 1 Mar 2022 | $311M | $195M – $589M | $415M (+34%) | after a round | 51 | growing | B | 0% |
| 1 Apr 2022 | $322M | $195M – $589M | $415M (+29%) | after a round | 51 | growing | B | 0% |
| 1 May 2022 | $332M | $195M – $589M | $415M (+25%) | after a round | 51 | growing | B | 0% |
| 1 Jun 2022 | $344M | $195M – $589M | $415M (+21%) | after a round | 51 | growing | B | 0% |
| 1 Jul 2022 | $356M | $195M – $589M | $415M (+17%) | after a round | 51 | growing | B | 0% |
| 1 Aug 2022 | $368M | $195M – $589M | $415M (+13%) | after a round | 51 | growing | B | 0% |
| 1 Sep 2022 | $381M | $195M – $589M | $415M (+9%) | after a round | 51 | growing | B | 0% |
| 1 Oct 2022 | $394M | $195M – $589M | $415M (+5%) | after a round | 51 | growing | B | 0% |
| 1 Nov 2022 | $408M | $195M – $589M | $415M (+2%) | after a round | 51 | unknown | B | 0% |
| 1 Dec 2022 | $415M | $191M – $589M | $415M (0%) | after a round | 51 | unknown | B | 0% |
| 1 Jan 2023 | $415M | $183M – $589M | $415M (0%) | after a round | 51 | unknown | B | 0% |
| 1 Feb 2023 | $415M | $175M – $589M | $415M (0%) | after a round | 51 | unknown | C | 0% |
| 1 Mar 2023 | $415M | $168M – $589M | $415M (0%) | after a round | 51 | unknown | C | 0% |
| 1 Apr 2023 | $480M | $238M – $682M | $480M (0%) | after a round | 99 | growing | B | 0% |
| 1 May 2023 | $480M | $241M – $682M | $480M (0%) | after a round | 99 | growing | B | 0% |
| 1 Jun 2023 | $480M | $244M – $682M | $480M (0%) | after a round | 99 | growing | B | 0% |
| 1 Jul 2023 | $480M | $246M – $682M | $480M (0%) | after a round | 99 | growing | B | 0% |
| 1 Aug 2023 | $480M | $156M – $682M | $480M (0%) | after a round | 99 | unknown | C | 0% |
| 1 Sep 2023 | $480M | $150M – $682M | $480M (0%) | after a round | 99 | unknown | C | 0% |
| 1 Oct 2023 | $379M | $138M – $617M | $334M (-12%) | after a round | 92 | flat | C | 37% |
| 1 Nov 2023 | $377M | $131M – $621M | $331M (-12%) | after a round | 92 | flat | C | 37% |
| 1 Dec 2023 | $365M | $119M – $624M | $306M (-16%) | after a round | 92 | flat | C | 37% |
| 1 Jan 2024 | $362M | $113M – $628M | $300M (-17%) | after a round | 92 | flat | C | 37% |
| 1 Feb 2024 | $358M | $108M – $632M | $294M (-18%) | after a round | 92 | flat | C | 37% |
| 1 Mar 2024 | $223M | $100M – $571M | $138M (-38%) | after a round | 82 | down | C | 93% |
| 1 Apr 2024 | $218M | $95.1M – $581M | $133M (-39%) | after a round | 82 | down | C | 93% |
| 1 May 2024 | $213M | $90.5M – $590M | $129M (-40%) | after a round | 82 | down | C | 93% |
| 1 Jun 2024 | $208M | $86.0M – $599M | $124M (-40%) | after a round | 82 | down | C | 93% |
| 1 Jul 2024 | $204M | $81.9M – $609M | $120M (-41%) | after a round | 82 | down | D | 93% |
| 1 Aug 2024 | $199M | $77.8M – $619M | $116M (-42%) | after a round | 82 | down | D | 93% |
| 1 Sep 2024 | $195M | $74.0M – $629M | $112M (-42%) | after a round | 82 | down | D | 93% |
| 1 Oct 2024 | $190M | $70.4M – $638M | $108M (-43%) | after a round | 82 | down | D | 93% |
| 1 Nov 2024 | $200M | $66.9M – $649M | $117M (-42%) | after a round | 82 | down | D | 86% |
| 1 Dec 2024 | $181M | $63.7M – $602M | $114M (-37%) | after a round | 82 | down | D | 79% |
| 1 Jan 2025 | $189M | $60.5M – $603M | $122M (-35%) | after a round | 82 | down | D | 73% |
| 1 Feb 2025 | $197M | $57.5M – $603M | $131M (-34%) | after a round | 82 | down | D | 67% |
| 1 Mar 2025 | $206M | $55.0M – $603M | $140M (-32%) | after a round | 82 | down | D | 62% |
| 1 Apr 2025 | $211M | $52.2M – $602M | $146M (-31%) | after a round | 82 | down | D | 58% |
| 1 May 2025 | $224M | $49.7M – $614M | $165M (-26%) | after a round | 82 | unknown | D | 53% |
| 1 Jun 2025 | $233M | $47.2M – $616M | $176M (-24%) | after a round | 82 | unknown | D | 49% |
| 1 Jul 2025 | $242M | $45.0M – $618M | $187M (-23%) | after a round | 82 | unknown | D | 45% |
| 1 Aug 2025 | $262M | $59.2M – $648M | $204M (-22%) | after a round | 104 | up | D | 41% |
| 1 Sep 2025 | $266M | $56.8M – $637M | $210M (-21%) | after a round | 98 | up | D | 38% |
| 1 Oct 2025 | $264M | $40.2M – $613M | $203M (-23%) | after a round | 98 | flat | D | 35% |
| 1 Nov 2025 | $102M | $37.8M – $585M | $60.5M (-41%) | after a round | 93 | down | D | 97% |
| 1 Dec 2025 | $87.2M | $36.0M – $424M | $60.5M (-31%) | after a round | 93 | down | D | 97% |
| 1 Jan 2026 | $83.9M | $34.2M – $419M | $60.4M (-28%) | after a round | 93 | down | D | 97% |
| 1 Feb 2026 | $80.7M | $32.5M – $415M | $60.4M (-25%) | after a round | 93 | down | D | 97% |
| 1 Mar 2026 | $77.9M | $31.0M – $411M | $60.4M (-22%) | after a round | 93 | down | D | 97% |
| 1 Apr 2026 | $50.6M | $27.6M – $127M | $39.2M (-22%) | after a round | 69 | shrinking | C | 97% |
| 1 May 2026 | $48.4M | $26.3M – $123M | $39.2M (-19%) | after a round | 69 | shrinking | C | 97% |
| 1 Jun 2026 | $46.2M | $25.0M – $119M | $39.2M (-15%) | after a round | 69 | shrinking | C | 97% |
| 1 Jul 2026 | $44.1M | $23.7M – $115M | $39.1M (-11%) | after a round | 68 | shrinking | C | 97% |
| 1 Aug 2026 | $42.1M | $22.5M – $111M | $39.1M (-7%) | after a round | 68 | shrinking | C | 97% |
| 1 Sep 2026 | $40.2M | $21.4M – $107M | $39.1M (-3%) | after a round | 68 | shrinking | C | 97% |
| 1 Oct 2026 | $39.0M | $20.7M – $105M | $38.9M (0%) | after a round | 67 | shrinking | C | 97% |
| 24 Oct 2026 | $59.2M | $20.7M – $159M | $59.2M (0%) | after a round | 67 | shrinking | D | 97% |
Key facts about Settle
- Founded
- 2019
- Headquarters
- New York, United States
- Employees
- about 67 -32% in a year
- Total raised
- $460M
- Funding rounds
- 4
- Last round
- Debt Oct 2026
Settle was founded in 2019 by Alek Koenig and Shane Moriah.
Settle funding history
Settle has 4 funding rounds on record, from May 2021 to Oct 2026, $460M in total. None disclosed a valuation.
$240M
Debt 25 Jul 2023no round page
Led by Silicon Valley Bank.
Sources: settle.com, financialit.net, finsmes.com and 2 more
$145M
Series B 17 Nov 2021
Led by Ribbit; with Kleiner Perkins, Caffeinated.
Sources: settle.com, techcrunch.com, fintechfutures.com
$60M
Series A 18 May 2021
Led by Kleiner Perkins; with SciFi VC, Caffeinated, Worklife, Background Capital, AngelList.
Sources: techcrunch.com
$15M
Settle investors
8 investors have backed Settle; Kleiner Perkins, Ribbit and Silicon Valley Bank led at least one round.
- Kleiner Perkins lead, 2 rounds
- Ribbit lead
- Silicon Valley Bank lead
- Caffeinated 2 rounds
- Background Capital
What Settle does
Settle works in payment processing & point of sale, with 14 recorded offerings and customers in consumer goods.
Settle Inc. is a United States company engaged in providing procurement, accounts payable automation, and working capital financing solutions for consumer goods brands. The company operates a business-to-business platform that integrates procurement, accounts payable, and working capital financing, supporting a range of industries including food and beverage, health and beauty, baby and kids, household goods, apparel and accessories, supplements and wellness, pet products, and home and lifestyle. Settle also offers embedded working capital financing for large purchase orders, seasonal inventory, and supplier payment terms, and integrates with accounting systems and inventory management platforms.
Description from Veridion's company data.
Products and services
- Procurement Management Platform Development
- Accounts Payable Automation Platform Development
- Working Capital Financing Platform Development
- Landed Cost Tracking Platform Development
- Invoice Auto-Matching Platform Development
- Approval Workflow Automation Platform Development
- Cash Visibility and Forecasting Platform Development
- Vendor Network Integration Services
- Accounting System Integration Services
- Inventory Management Integration Services
- Consumer Goods Industry Platform Solutions
- Food and Beverage Industry Platform Solutions
- Health and Beauty Industry Platform Solutions
- Apparel and Accessories Industry Platform Solutions
Markets
- Consumer Goods
Business model
- Business-to-Business
- Software-as-a-Service
- Subscription-Based
Industry codes (NAICS)
- 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation 50% match
- 541512 Computer Systems Design Services 50% match
Questions about Settle
What is Settle worth?
Valuation $59.2M (range $20.7M to $159M), as of 24 Oct 2026.
Has Settle raised money?
Settle has 4 funding rounds on record, from May 2021 to Oct 2026, $460M in total. None disclosed a valuation.
Who has invested in Settle?
Kleiner Perkins, Ribbit, Silicon Valley Bank, Caffeinated, AngelList and Background Capital, and 2 more. Lead investors include Kleiner Perkins, Ribbit and Silicon Valley Bank.
How many people work at Settle?
About 67, down 32% over the last year. Headcount rose from 3 in Jan 2021 to 104 in Aug 2025, then fell to 67 in Sep 2026.
What does Settle do?
Settle works in payment processing & point of sale, with 14 recorded offerings and customers in consumer goods. Its main offerings are procurement management platform development, accounts payable automation platform development and working capital financing platform development.
When was Settle founded, and where is it based?
Settle was founded in 2019 and is based in New York, United States. It has about 67 employees, down 32% over the last year.