EURAZEO Invests in Rydoo, Fast-Growing Expense Management Software Provider

Paris, 19 June 2024 - Eurazeo, via its Small-mid buyout team, announces an investment in Rydoo, a global leader in expense management software. Rydoo enables corporate clients to manage employee spending with automated solutions. This marks the ninth investment for Eurazeo PME IV, aligning with its strategy to support fast-growing European SMEs in their international expansion.

Rydoo, headquartered in Belgium, offers a flexible SaaS solution for corporate expense management. It serves over 3,000 clients across 132 countries. The company has shown robust growth, achieving a +32% organic CAGR and surpassing €20 million ARR.

Both Rydoo's management and Eurazeo aim to further innovate and enhance customer satisfaction, a vital factor in Rydoo’s growth. Subject to customary closing processes, Eurazeo will become the majority shareholder, with Marlin Equity Partners reinvesting to support Rydoo’s continued success.

Benjamin Hara of Eurazeo expressed enthusiasm about this partnership, highlighting Rydoo’s alignment with Eurazeo’s focus on software and strong leadership. Sebastien Marchon, CEO of Rydoo, echoed this, emphasizing their readiness to accelerate market positioning with Eurazeo's expertise.