Sf’S Tradeshift, A Supply Chain Finance Platform, Raises $200M
12/09/21, 2:50 PM
Location
san franciscoMoney raised
$200 million
Tradeshift — the late-stage startup tackling supply chain financing — has announced a $200 million funding round in equity and debt from a combination of existing and new investors, including Koch Industries, the giant industrial conglomerate. Also participating were IDC Ventures, LUN Partners, Private Shares, and Fuel Capital who increased their existing stakes in the company.
Company Info
Location
san francisco, california, united states
Additional Info
The company said the capital would be used to “optimize Tradeshift growth and balance sheet to continue scaling the business.” In 2018 the company said its valuation was $1.1 billion during a $250 million funding round. Tradeshift has a portfolio of enterprise SaaS, marketplace, and fintech products serving a B2B marketplace. Tradeshift says the cumulative value of transactions processed across its network has “passed the $1 trillion mark, having doubled in two years.” Based on this new round, San Francisco-based Tradeshift reportedly has a valuation of more than $2 billion. Tradeshift also has American Express Ventures, HSBC (HSBA.L), Goldman Sachs (GS.N) and Wipro Digital as investors.