Taulia Inc., a San Francisco-based provider of SaaS platform for dynamic discounting, raised $12.5m in Series C funding.
The round was led by German investor Klaus Hommels and his Zurich-based venture fund Lakestar, with participation from prior investors Matrix Partners, Trinity Ventures, TELUS Ventures and DAG Ventures.
A secondary closing of $5.5m is underway.
Founded in 2009 and led by Bertram Meyer, CEO, Taulia has built a buyer network in the world, providing organizations with cloud-based invoice, payment and dynamic discounting management solutions to reduce their total spend and achieve returns on cash positions, while allowing suppliers opportunities to benefit from early payments, eInvoicing capabilities and low-cost financing options.
The company’s solution is currently being used in over 99 countries and is fully localized in 10 languages. Clients include Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark, John Deere and other Fortune 500 companies from various industries.
Taulia has London, Düsseldorf, Germany, New York City and Park City, Utah.
27/07/2011: Taulia Closes $8.5M Series B Round of Funding