12/10/2026
๐ฅ ๐๐ฒ๐ฎ๐น ๐ผ๐ณ ๐๐ต๐ฒ ๐ช๐ฒ๐ฒ๐ธ ๐ฅ #41: Spiko Raises $90M Series B Led by NEA to Make Yield Universal
Paris and London-based Spiko, the largest issuer of tokenized cash funds, has raised a $90 million Series B led by New Enterprise Associates (NEA), with participation from Index Ventures, Bpifrance, Speedinvest, Flourish Ventures and White Star Capital. The round brings Spiko's total funding to $120 million.
Founded in 2023, Spiko now manages $2.7 billion for more than 10,000 businesses and individuals in over 25 jurisdictions, a more than fivefold increase in twelve months. The new capital will go into launching new funds, opening new markets and growing the team across Europe.
๐ ๐๐ฐ๐ฏ๐จ๐ณ๐ข๐ต๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ๐ด ๐ต๐ฐ ๐ต๐ฉ๐ฆ ๐ฆ๐ฏ๐ต๐ช๐ณ๐ฆ ๐ต๐ฆ๐ข๐ฎ!
Spiko operates in the FinTech, Blockchain, and Financial Services sectors, offering tokenized money market funds that allow businesses and investors to earn returns on their cash holdings.
European benchmarks for Series B companies in these sectors as of Q3 2026 indicate valuation ranges of EV/Sales multiples of 8.42x - 10.45x and EV/EBITDA multiples of 34.25x - 46.48x.
โก๏ธ Further information on valuation multiples in these sectors is available through the DealMatrix Multiples Platform at https://dealmatrix.com/multiples/