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Dragoneer leads USD75m Series B funding round in Rho

Dragoneer has led a USD75 million Series B funding round in Rho, ​​a corporate spend and cash management company. 

New investors including DFJ Growth, and existing investors including M13, Inspired Capital and Torch Capital also participated in the equity financing.

Rho has grown 10x in under 12 months, driven by constant innovation and product delivery, including the launch of its integrated accounts payable product in January 2021 and its corporate card in May 2021.

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