Tradeshift announces a $250M investment in a Series E Funding Round including Goldman Sachs, HSBC and GP Bullhound.
Tradeshift, a Copenhagen, Denmark-based company providing supply chain payments and marketplaces, announced that it is raising $250M in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments).
The investors list include HSBC, H14, GP Bullhound, and Gray Swan, a new venture company established by Tradeshift’s founders. The deal values the company at $1.1bn. The new investors join 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.
Tradeshift, founded in Copenhagen, headquartered in San Francisco and led by CEO Christian Lanng, offers a business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. The company enables supply chain payments and marketplaces for more than 1.5 million businesses globally, including large enterprise brands such as Air France-KLM, DHL, Fujitsu, HSBC, Siemens, Societe Generale, Unilever, and Volvo. The company’s ecosystem now enables alternatives for trade financing, spend and receivables management, lending and payments, and private marketplaces, unlocking the $9 trillion of capital trapped in online payments.
The new round of financing brings Tradeshift’s total funding to more than $400 million.