08/06/2025 /Funding Events
Stavtar Solutions Secures $55 Million Series A Investment from Elephant

Stavtar Solutions, a prominent provider of business spend management and expense allocation SaaS for complex businesses like alternative asset managers, has announced a $55 million Series A investment from Elephant. This minority investment will drive the platform's expansion, focusing on product innovation, integrated payment capabilities within its flagship product StavPay, and meeting increasing demand through hiring.
Co-founded by Steven Petersen and Avtar Batth, Stavtar was established to address the challenges faced by complex businesses in managing business spend and expense allocations within alternative asset management. The platform has witnessed significant growth, serving over 100 alternative asset managers overseeing $2.4 trillion in AUM. Stavtar's StavPay platform automates workflows for vendor, contract and invoice management, expense allocations, third party payments, budgets, tax filings, and custom reporting.
The investment empowers Stavtar to accelerate the development of a scalable, intelligent system for the financial and operational realities of alternative asset managers and other sophisticated enterprises. Additionally, Peter Fallon, Partner at Elephant, will join Stavtar's board of directors. Stavtar, with offices in New York, Dallas, London, Mumbai, and Bengaluru, is focused on providing finance teams the tools they need to eliminate manual work, reduce operational risk, increase productivity, and move faster.
Read more about the funding here.
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