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 Aug 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. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $3.35B in funding in 2026 to date.

Where does Settle rank among its competitors?

Settle ranks 33rd amongst 593 active competitors, of which 82 are funded. It stands 4th 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, Concur and Procurify. Among them, Tipalti secured the most recent funding round in September, 2025.

Settle - 2026 Company Profile, Team, Funding & Competitors

Settle is a series B company based in San Francisco (United States), founded in 2019 by Alek Koenig. It operates as a Provider of procurement, accounts payable automation, and working capital solutions. Settle has raised $98.7M in funding from investors like Founders Fund, Ribbit Capital and Kleiner Perkins. The company has 593 active competitors, including 82 funded and 57 that have exited. Its top competitors include companies like Coupa, Concur and Procurify.

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/
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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

33^rd among 593 active competitors

Employee Count

67 as on Aug 31, 2026

Investment & Acquisitions

Turbine

Similar Companies

Coupa & 288 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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 25, 2023	1321651	Conventional Debt	3522450	6164577	8479295	3868689
Aug 25, 2021	9541214	Series B	9834809	3392747	7202918	Kleiner Perkins & 3 more
Mar 01, 2021	3036763	Series A	7928690	9603599	Kleiner Perkins	3161106

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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 Aug 26. Here is Settle's employee count trend over the years:

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Top competitors of Settle include Coupa, Concur and Procurify. 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	86/100
2nd	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	Redpoint Ventures, RRE Ventures & 8 others	75/100
3rd	Procurify 2012, Vancouver (Canada), Series C	Developer of procurement software for managing organizational spend and workflows	$82.5M	Information Venture Partners, Nexus Venture Partners ... & 22 others	73/100
4th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
5th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	69/100
6th	Vertice 2021, London (United Kingdom), Series C	AI-powered platform for modern finance and procurement teams	$101M	83NORTH, Bessemer Venture Partners & 10 others	68/100
7th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, MassMutual Ventures & 16 others	68/100
8th	SAP Ariba 1996, Palo Alto (United States), Acquired	E-procurement, invoicing, and B2B collaboration software for businesses	-	Intel, TCV & 5 others	65/100
9th	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 7 others	64/100
10th	Dice 2018, Pune (India), Acquired	Provider of spend management and digital commerce platform for enterprises	$6.55M	IIT Mandi Catalyst, Dallas Venture Capital ... & 14 others	64/100
33rd	Settle 2019, San Francisco (United States), Series B	Provider of procurement, accounts payable automation, and working capital solutions	$98.7M	Sarissa Capital, Kleiner Perkins & 18 others	50/100