Tradeshift Funding Round Brings Company Valuation to $1.1 Billion

“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.”

Tradeshift 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.

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.