Investments

Tradeshift Raises $250M, Gets $1.1B Valuation

Supply Chains, Global, Digital and Simplified

Tradeshift, the supply chain payments, and marketplaces company announced Wednesday (May 30) that it is raising $250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments).

In a press release, the company said that other investors in the round of fundraising include HSBC, H14, GP Bullhound and Gray Swan, a new venture company established by Tradeshift’s founders. With the new round of funding, Tradeshift has raised a total of $400 million and now has a valuation of $1.1 billion. TradeShift’s existing investors include HSBC, American Express Ventures, CreditEase FinTech Investment Fund, Notion Capital, Santander InnoVentures and others. Tradeshift GM of China and Co-founder Mikkel Hippe Brun will join Tradeshift’s Board of Directors, the company noted in the press release.

“We are very happy with this validation of our vision,” said Tradeshift CEO and Co-founder Christian Lanng. “We have always believed that the future of supply chains is 100 percent digital and that connecting trade is just the first step to a digitally connected economy. This investment will enable us to continue our rapid growth and consolidate our leadership position. We welcome Goldman Sachs and PSP Investments as our newest investors, and look forward to their valuable contributions as we enter our next growth phase.”

The company said the funding will go for its core strategic initiatives, such as continued global expansion of Tradeshift in Europe and Asia, to grow its transacted volume and for strategic investments in emerging technologies, including blockchain and AI.

Tradeshift enables supply chain payments and marketplaces for more than 1.5 million businesses around the world, including large companies such as Air France-KLM, DHL, Fujitsu, HSBC, Siemens, Société Générale, Unilever, and Volvo. The company enables alternatives for trade financing, spend and receivables management, lending and payments, and private marketplaces.

Darren Cohen, global head of principal strategic investments at Goldman Sachs, said, “Given the rapid increase in B2B online transactions, online marketplaces are no longer just for consumers. Tradeshift has established itself as a leader in supply chain commerce by enabling corporations around the globe to take greater control of their supply chains.”

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