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Ande Secures $52M to Automate Corporate Entertainment Spend

Companies hemorrhage an estimated $325 billion annually on client dinners and team outings, a sector plagued by manual spreadsheets and fractured booking tools. New York-based startup Ande is emerging from stealth to solve this, armed with $52 million in funding to build the first dedicated operating system for corporate entertainment.

Ande Secures $52M to Automate Corporate Entertainment Spend
Photo: Bio & News

The platform functions as an agentic network designed to streamline the entire lifecycle of corporate hospitality—from routing approval workflows and executing contracts to reconciling expenses. By providing a multiplayer workspace for office managers and executive assistants, Ande aims to eliminate the administrative friction that currently forces finance teams to juggle disparate credit card statements and consumer-facing booking apps.

More than 60 enterprises, including Salesforce, Cloudflare, and Monday.com, have already adopted the system, managing over $400 million in annual spend. Early users report cost savings between 12 and 15 percent. Beyond internal efficiency, the startup provides a bridge to 93,000 entertainment venues, including major hospitality groups like Nobu and The Mina Group, which previously lacked a centralized channel to reach corporate clients at scale.

CEO and co-founder Lohit Sarma spent two and a half years digitizing venue data and training AI models to handle the specific complexities of enterprise-grade bookings. Investors backing the startup include Lightspeed Venture Partners, Redpoint Ventures, Duration Ventures, and Sierra Ventures. For these firms, the bet is on capturing a massive, unmanaged expense category that has remained largely untouched by modern enterprise software.

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