Tradeshift, a global network and platform that connects buyers and suppliers, raised $75m in Series D funding.
Backers included Data Collective (DCVC), HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund, managed by CreditEase, and Pavilion Capital. In conjunction with the funding, Matt Ocko, co-Managing Partner and co-founder of DCVC, will join Tradeshift’s board of directors.
The company intends to use the funds to serve a wider range of global customers as it expands further into trade financing, spend and receivables management, lending and payments, as well as to scale its sales, product and engineering operations.
Co-Founded by CEO Christian Lanng, Mikkel Hippe Brun and Gert Sylvest, Tradeshift operates a global network and platform that connects buyers and suppliers, which currently connects 800,000 users across more than 190 countries.
Customers include Zurich Insurance Group, NHS SBS, LinkedIn, SAPA, RWE, Eberspächer Group, Tech Data, SUEZ, other Fortune 1000s, and small-and-medium-sized businesses.
The company is headquartered in San Francisco with offices in Copenhagen, New York, London, Paris, Suzhou, Tokyo, and Munich.