Taulia, a San Francisco, CA-based provider of working capital technology solutions, raised $60m in funding.
The round was led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital.
The funding will help accelerate growth as the company sets its sights on further global expansion.
Led by Cedric Bru, CEO, Taulia is a provider of working capital solutions Through a combination of its technology platform, people and process, the companu allows companies to access the value tied up in their supply chain by transitioning from inefficient and often manual working capital management practices into technology-led, working capital optimization strategies. A network of 2 million businesses use Taulia’s technology and the company processes over $500 billion every year. It is used by the world’s largest companies including Airbus, AstraZeneca, Nissan and Vodafone.