Tradeshift, a San Francisco, CA-based provider of supply chain payments and marketplaces, raised $250m in Series E funding.
The round, which brings total funding to more than $400m at a company valuation at $1.1 billion, was led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments) with additional participation from HSBC, H14, GP Bullhound, and Gray Swan, a new venture company established by Tradeshift’s founders. The new investors joined existing backers, including HSBC, American Express Ventures, CreditEase Fintech Investment Fund, Notion Capital, Santander InnoVentures, and others. Mikkel Hippe Brun, Tradeshift’s GM of China and Co-Founder, will join Tradeshift’s Board of Directors.
The company intends to use the funds for core strategic initiatives, including continued global expansion in Europe and Asia; growth of transacted volume and value across its platform; and strategic investments into emerging technologies, including blockchain and artificial intelligence via its Frontiers division, which was launched in January 2018.
Led by CEO and Co-Founder Christian Lanng, Tradeshift provides supply chain payments and marketplaces enabling buyers and suppliers to digitize all their trade transactions, collaborate on every process, and connect with any supply chain app. The company’s ecosystem now enables alternatives for trade financing, spend and receivables management, lending and payments, and private marketplaces.
More than 1.5 million companies across 190 countries use Tradeshift to process over half a trillion USD in transaction value, including large enterprise brands such as Air France-KLM, DHL, Fujitsu, HSBC, Siemens, Societe Generale, Unilever, and Volvo.