May 17, 2020

Tradeshift raises $250mn in funding round, takes valuation to $1.1bn

Tradshift
HSBC
funding
Siemens
James Henderson
2 min
Supply chain payments company, Tradeshift, has raised $250mn in a new funding round, increasing the valuation of the business to $1.1bn.
Supply chain payments company, Tradeshift, has raised $250mn in a new funding round, increasing the valuation of the business to $1.1bn.

The Series E f...

Supply chain payments company, Tradeshift, has raised $250mn in a new funding round, increasing the valuation of the business to $1.1bn.

The Series E funding round was led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments), with additional participation comes HSBC, H14, GP Bullhound, and Gray Swan, a new venture company established by Tradeshift’s founders.

This new round of financing brings Tradeshift’s total funding to more than $400mn.

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.

“Given the rapid increase in B2B online transactions, online marketplaces are no longer just for consumers,” said Darren Cohen, Global Head of Principal Strategic Investments at Goldman Sachs.

“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,”

Tradeshift enables supply chain payments and marketplaces for more than 1.5mn businesses globally, including large enterprise brands such as Air France-KLM, DHL, Fujitsu, HSBC, Siemens, Societe Generale, Unilever, and Volvo.

SEE ALSO:

The company’s ecosystem now enables alternatives for trade financing, spend and receivables management, lending and payments, and private marketplaces, unlocking the $9trn of capital trapped in online payments.

Vinay Mendonca, Global Head of Product and Propositions, Global Trade & Receivables Finance at HSBC said, “Modernising trade and supply chain solutions is a strategic priority for HSBC. We are investing heavily to enable simpler, better and faster experiences for clients.

“Our partnership with Tradeshift allows us to provide fully digitised and automated working capital propositions across the entire supply chain ecosystem, supported by the breadth and depth of our global network. We are really excited to offer our clients a full range of integrated propositions across the financing and payments spectrum.”

According to the November 2017 Forrester report, Vendor Landscape: B2B Business Networks, 2017 To 2018, Tradeshift is cited among companies that “cause other PO/invoice network vendors to change strategy.”

The funding round will be used for core strategic initiatives, including continued global expansion of Tradeshift 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.

Share article

Jul 30, 2021

The Ultimate Procurement & Supply Chain Event

Procurement
Supplychain
live
event
3 min
Take a look at our agenda for Procurement & Supply Chain Live, where innovation meets implementation, coming to you live from London

From September 28th-30th, network with C-level executives, gain insight from industry pioneers and walk away with actionable insights that accelerate your career. By the end of the week, we promise you’ll have the skills to solve the world’s most pressing supply chain and procurement challenges. 

The three-day show is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats. Whether you attend virtually or in person, you’ll strategise how to cope with global disruption, learn from industry leaders, and walk away with tips, tactics, and tangible connections. 

 

How to Attend

 

In a COVID-disrupted era, we know that the majority of people would rather avoid travelling for events─why take the risk, right? In response to the continued disruption, BizClik Media Group has decided that Procurement & Supply Chain LIVE will offer the best of both worlds through hybrid accessibility. 

That means you and your peers can attend the event in person or virtually ─ with no disadvantages for people who choose not to make the trip to the Tobacco Dock venue. 

 

In-Person

 

Procurement & Supply Chain LIVE will be held at the Tobacco Dock in London, an industry-leading venue that is renowned for delivering world-class events. For attendees’ peace of mind, the venue is working to the government-endorsed AEV All Secure Framework, alongside mia’s AIM Secure and ‘Good to Go’ accreditation, they will ensure that we achieve a COVID-secure environment to facilitate all of your networking needs. 

 

Virtually

 

Our physical venue is both historic and stunning, but it has no bearing on the information that you and your peers can gain from the event. You can still absorb it all, interact with other attendees, and enjoy the conference experience on your alternative, virtual platform. 

The platform will feature live feeds from all of the stages, as well as virtual networking areas. So, if you want to avoid travel, it’s not a problem! You can still get involved and enjoy the entire experience from the comfort of your own home. 


 

What’s on the agenda?

 

With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, Procurement & Supply Chain 2021 will expand your network, deliver insight, and enhance your organisation’s reach. 

Across the three-day event, a number of relevant topics and trends surrounding procurement and supply chain will be discussed. 

 

  • Tuesday 28 September - Digital supply chain
  • Procurement strategy (11:30 am)
  • Supply chain leaders forum (12:00 pm)
  • Women in supply chain (14:00 pm)
  • Procurement technology (14:30 pm) 
  • Wednesday 29 September - Procurement consulting
  • Sustainability (11:30 am) 
  • Supply chain management (12:00 pm) 
  • Digitalisation (14:00 pm)
  • Risk & Resilience (14:30 pm)
  • Thursday 30 September - APAC sessions (04:00 am)


 

Influential executives from around the world will give their insights and professional experiences surrounding these topics, allowing you and your company to leave with valuable information. 

The past year has shown how important supply chains are and the importance of managing them correctly. With increasing digitalisation across all industries, you won’t want to miss out on our great speakers and information surrounding this topic. Preparing your company for the future is key, and we are sure you will gain great insights at our three-day event. 

Order now to make the most of our early-bird offer. Ticket prices increase over 50% soon! For tickets and information, head over to our event site.

Share article