Treasury Management Internation Logo

Tradeshift’s $75 Million Series D Round Attracts HSBC and American Express Ventures Amongst Others

Published 
  • Data Collective leads, and HSBC, American Express Ventures, among others join as new investors

San Francisco – Tradeshift today announced that new and existing investors have joined the company’s $75 million Series D funding, including venture capital firm and round leader Data Collective (DCVC), HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund, managed by CreditEase, and Pavilion Capital, a subsidiary of Temasek Holdings. Matt Ocko, co-Managing Partner and co-founder of DCVC, will join Tradeshift’s board of directors.

Tradeshift, which saw 250% growth in transacted value year over year (2014 vs. 2015) on its business network, serves over 800,000 users and counts dozens of the Fortune 1000 as customers. The company processes billions of dollars per month in supply chain transactions across more than 190 countries.

The new funding fuels Tradeshift’s growing application, platform and business-to-business marketplace ecosystem development. Tradeshift will use the funding to serve a wider range of global customers as it expands further into trade financing, spend and receivables management, lending and payments. It will also invest more resources to boost user adoption and facilitate rapid growth as it scales its sales, product and engineering operations.

“Tradeshift continues to attract interest and investment because of our unique approach,” said Tradeshift CEO and Co-Founder, Christian Lanng. “Tradeshift has built an open business network on a scalable cloud-first platform that is extensible by third-party apps. Customers, partners, and investors want to get behind our bold vision because of the huge wins ahead for customers engaged in digital transformation.”

This funding follows a number of initiatives that have propelled Tradeshift’s advancement of the global procure-to-pay category over the past 12 months, including:

  • Broadened capabilities to help companies buy, pay, as well as manage supplier risk
  • New customers within the Fortune 1000, including Zurich Insurance Group, NHS SBS, LinkedIn, SAPA, RWE, Eberspächer Group, Tech Data, SUEZ, a major customer in the entertainment industry, one of the world’s largest fashion retailers, and Veolia – a joint customer with Xerox Business Services
  • The rapid adoption of small-and-medium-sized businesses on the Tradeshift platform, expanding the total user base to over 800,000
  • Strategic partnerships with Microsoft, Xerox Business Services, and China-based Baiwang
  • Over 400% growth in supplier accounts as a result of Tradeshift’s superior onboarding methodology, which is 12x faster than the industry average

“Tradeshift has developed a smart supply chain solution that integrates seamlessly with multiple platforms,” said Stuart Tait, Global Head of Trade and Receivables Finance for HSBC. “We look forward to developing our collaboration with them on the back of this investment; learning from each other and bringing the benefits of digital transformation to our customers.”

For additional information please visit http://tradeshift.com/press

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55