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Ande emerges from stealth with $52M to run corporate entertainment spend

The AI-native platform for booking and managing corporate entertainment raised seed and Series A funding from Lightspeed, Redpoint, Duration Ventures, Sierra Ventures and Bain Capital Ventures.

newest coverage 1d agosummary written 20h ago5 pieces Newswires

What to know

  • Ande emerged from stealth with over $52 million in combined seed and Series A funding from Lightspeed, Redpoint, Duration Ventures, Sierra Ventures and Bain Capital Ventures.
  • The platform targets a $325 billion annual corporate entertainment spend category that finance teams currently reconcile manually across credit cards, AP systems and consumer apps.
  • More than 60 enterprises, including Cloudflare, Salesforce and Netskope, already route over $400 million in annual entertainment spend through Ande, reporting 12-15% savings.
  • Ande operates a two-sided network with 1,600 partner hospitality groups (Nobu, Wolfgang Puck, Tao Group Hospitality) and 93,000-plus venues, competing in a spend-management field where horizontal players like Ramp operate broadly rather than deeply on entertainment.

“Entertainment is every enterprise's biggest expense line that is not yet well managed. Ande is the connective tissue, the perfect handshake between corporations and venues.”

Arif Janmohamed, Venture Partner at Lightspeed and Co-Founder of Duration Ventures · WOWTALE ↗ · Sep 21

Lohit Sarma CEO and co-founder of AndeMichael McDermott Co-founder of AndeArif Janmohamed Venture Partner at Lightspeed, Co-Founder of Duration VenturesVicky Chung Director of Corporate Events at Netskope

Ande emerges from stealth with $52M to run corporate entertainment spend
prnewswire.com

How it unfolded 1 development · click the chart to see its coverage articles

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  1. 1

    Coverage frames Ande against crowded spend-management field

    Reporting notes AI-driven corporate spend management is already crowded, citing Ramp's $750 million raise at a $44 billion valuation in June, but argues horizontal platforms like Ramp do not go deep on entertainment bookings, contracts and venue inventory the way Ande does.

    “Entertainment is one of the most important things a company does. It builds culture, closes deals and deepens the relationships that matter most. Yet the infrastructure to manage it is broken on both sides of every transaction.”
    — Lohit Sarma, CEO and co-founder of Ande · source
    1. 5 outlets Ande Raises Over $52M in Seed and Series A Financing

      first by FinSMEs, 1d ago · also The SaaS News, Ande, Ventureburn, WOWTALE

      4 more headlines
  2. background

    Ande discloses customer and venue network scale — The company says more than 60 enterprises, including Cloudflare, Salesforce, McGraw Hill and Netskope, already push over $400 million in annual entertainment spend through the platform, saving 12-15 percent, while its supply side includes 1,600 partner hospitality venues and more than 93,000 entertainment venues across 90-plus cities.

  3. background

    Ande emerges from stealth with $52M seed and Series A — Ande announces more than $52 million in combined seed and Series A funding from Lightspeed Venture Partners, Redpoint Ventures, Duration Ventures and Sierra Ventures, with participation from Bain Capital Ventures, to scale its agentic platform for booking, approving, contracting and reconciling corporate entertainment spend.

  4. background

    Lohit Sarma and Michael McDermott found Ande — Sarma, previously co-founder and VP of Product and Technology at Lifion by ADP, starts Ande with McDermott to build infrastructure for corporate entertainment booking and spend management.