Tradeshift was founded in 2009 by Christian Lanng, Mikkel Brun, and Gert Sylvest. In an interview with CNBC in January 2020, CEO Christian Laang stated when discussing a potential IPO that “the goal is still 2021.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Tradeshift is a cloud-based business network and platform for supply chain payments, marketplaces, and apps. The company has raised approximately $600 million in Venture Capital funding from investors including ATW Partners, Fin Venture Capital, American Express Ventures, CreditEase, Data Collective, Data Collective, Voltage Ventures, Kleiner Perkins, Scentan Ventures, Kite Ventures, RTP Global, and Notion. Per company press releases, Tradeshift is in the process of raising up to $240 million, as of January 2020, at an undisclosed post-money valuation.