When was Settle founded?

Settle was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Settle located?

Settle is headquartered in San Francisco, United States.

Who is the current CEO of Settle?

Alek Koenig of Settle. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Settle have?

As of Mar 31, 2026, the latest employee count at Settle is 67.

Is Settle a funded company?

Settle is a funded company, having raised a total of $98.7M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 01, 2020.

When was the latest funding round of Settle?

Settle's latest funding was a $***** Conventional Debt round on Jul 25, 2023, with participation from 1 investor.

Where does Settle rank among its competitors?

Settle ranks 16th amongst 306 active competitors, of which 62 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Tipalti, which secured $200M in Sep, 2025.

Who are the top competitors of Settle?

Settle's top competitors include Coupa, Bizongo and Concur. Among them, Tipalti secured the most recent funding round in September, 2025.

Settle - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of procurement, accounts payable automation, and working capital solutions. The company offers tools for managing purchase orders, tracking landed costs, and automating invoice processing. It facilitates vendor payments and provides working capital financing based on payables and purchasing data. The platform integrates with accounting systems to streamline financial operations.

Website: www.settle.com/
Social

Key Metrics

Founded Year

2019

Location

San Francisco, United States

Stage

Series B

Total Funding

$98.7M in 4 rounds

Latest Funding Round

Conventional Debt, Jul 25, 2023, $*****

Investors

Founders Fund & 19 more

Ranked

16^th among 306 active competitors

Employee Count

67 as on Mar 31, 2026

Investment & Acquisitions

Turbine

Similar Companies

Coupa & 370 more

View Settle's full profile

Settle is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SETTLE FUNDING, LLC CIN: 6480402 , United States, Active	May 06, 2022	-	-	-

Settle has raised a total funding of $98.7M over 4 rounds. Its first funding round was on Nov 01, 2020. Its latest funding round was a Conventional Debt round on Jul 25, 2023 for $*****. 1 investor participated in its latest round. Settle has 19 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Settle:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 25, 2023	2660814	Conventional Debt	9573706	9074955	4633164	2295770
Aug 25, 2021	1777034	Series B	1274704	8207977	2010450	Kleiner Perkins & 3 more
Mar 01, 2021	9164158	Series A	6272186	5609666	Kleiner Perkins	3210652

Access funding benchmarks and valuations. Sign up today!

View details of Settle's funding rounds and investors

The founders of Settle is Alek Koenig. Alek Koenig is the CEO of Settle.

Here are the details of Settle's key team members:

Alek Koenig: Founder & CEO of Settle and founder of 1 other company. They are also an angel investor in 1 startup.
Contact Info: 1 email address

View details of Settle's Founder profiles and Board Members

Settle's employee count trend

Settle has 67 employees as of Mar 26. Here is Settle's employee count trend over the years:

Uncover Settle's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Settle include Coupa, Bizongo and Concur. Here is the list of Top 10 competitors of Settle, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	Meritech, T. Rowe Price & 18 others	87/100
2nd	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Schroders Capital, Accel & 30 others	77/100
3rd	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, Mayfield & 7 others	75/100
4th	Spendesk 2016, Paris (France), Series C	Provider of spend management platform automating expense claims and invoice processing	$304M	Index Ventures, General Atlantic & 22 others	74/100
5th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, G Squared & 22 others	73/100
6th	Procurify 2012, Vancouver (Canada), Series C	SaaS-enabled end-to-end spend management software	$82.5M	Information Venture Partners, Ten Coves Capital ... & 22 others	69/100
7th	Dice 2018, Pune (India), Acquired	Provider of spend management and digital commerce platform for enterprises	$6.55M	IIT Mandi Catalyst, Dallas Venture Capital ... & 13 others	67/100
8th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	67/100
9th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, Menlo Ventures & 16 others	67/100
10th	Zip 2020, San Francisco (United States), Series D	Provider of a platform for procurement orchestration, intake, and spend management	$358M	Y Combinator, Bond Capital & 10 others	65/100
16th	Settle 2019, San Francisco (United States), Series B	Provider of procurement, accounts payable automation, and working capital solutions	$98.7M	Kleiner Perkins, Sarissa Capital & 18 others	61/100