Investment Rationale · Lightspeed Venture Partners
Why the firm invested
Lightspeed invested in Payhawk because its product offers greater power and flexibility than competing market solutions.
One of the reasons we invested was because your product is more powerful and flexible than any others on the market.
Product
Payhawk serves as the operating system for finance departments, offering a comprehensive spend management platform in Europe.
Payhawk is the operating system for finance teams, starting with the most comprehensive spend management platform in Europe.
Team
Payhawk's team is exceptional with a proven track record of rapid execution.
But ultimately, betting on Payhawk was a bet on an exceptional team with a track record of breakneck execution.
Co-founder and CEO Hristo Borisov possesses a bias for action and expertise across product, go-to-market, and company structure.
Hristo Borisov, Payhawk’s Cofounder and CEO, has a bias for action and rare breadth across product, GTM, and company design.
Investment context
Lightspeed led Payhawk's Series B1 investment round three months following Greenoaks leading the initial Series B.
Lightspeed led Payhawk’s Series B1 just three months after our friends at Greenoaks led the initial Series B.
What founders can learn
- What actually moved the decision: Lightspeed Venture Partners wrote that Lightspeed invested in Payhawk because its product offers greater power and flexibility than competing market solutions.
- How the team was judged: Lightspeed Venture Partners wrote that Payhawk's team is exceptional with a proven track record of rapid execution.
Source and provenance
Investment Rationale published by Lightspeed Venture Partners on lsvp.com (first-party source). Read the original
