Tradeshift raises $75M

What does Tradeshift do?

Tradeshift, is a company which brings all the companies whether big or small together for transacting, connecting and collaborating with each other. This is a global B2B platform which helps companies in running more efficiently using their cloud based technology for improving processes such as workflow, invoicing and supplier financing. The company provides suppliers with delivery of free electronic invoicing, predictable cash flow and enables faster payments. It empowers enterprises to work more productively and easily with their total supply chain anywhere on the globe.

How much Tradeshift was funded?

The company raised $75M in Series D on June 9, 2016 from Notion Capital, CreditEase, Pavillion Capital, HSBC, American Express Ventures and Data Collective.

Previous funding

$7M in undisclosed round on May 16, 2011 from Notion Capital

$17M in Series B on October 25, 2011 from Kite Ventures, Notion Capital, ru-Net, Rouven Dresselhaus and Tradeshift,

$75M in Series C on February 25, 2014 from Scentan Ventures

What is next for Tradeshift?

Matt Ocko, co-founder of DCVC, will join the company’s board of directors. Tradeshift has seen a 250% of growth in the transacted value year after year on in its business network. It processes billions of dollars every month in supply chain transactions across more than 190 countries. The new funding will help the company in growing its application, business to business marketplace, platform and ecosystem development. The funding will be used for serving a wider range customers around the globe as it expands further in lending and payments, spend and receivables management and trade financing. The company also invests more resources for boosting user adoption and for facilitation of rapid growth as its scales its sales, engineering and product operations.

More about Tradeshift

The company was founded on July 1, 2009 by Christian Lanng, Gert Sylvest and Mikkel Brun. It has its headquarters in San Francisco, CA.