Startup News: Tradeshift raises $70M in funding, forms venture with HSBC bank
Tradeshift, a global B2B trading technology platform that has ridden the highs and lows of its industry in recent years, has some good news to report.
tradeshift.comFinTech / PaymentsFounded: 2009Funding to Date: $4.05B
Tradeshift is a trade technology platform. They help businesses connect with suppliers digitally, remove paper and manual processes across procure-to-pay, and buy what they need faster and manage supplier risk. This company was founded by Christian Lanng, Gert Sylvest, and Mikkel Brun in 2009 and is headquartered in San Francisco, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/31/2023 | Series E-1 | $50MM | $xx.xx | $2.31B | PSP Investments, Goldman Sachs, HSBC, GP Bullhound, American Express Ventures, CreditEase, Notion Capital, Santander InnoVentures, Koch Industries, IDC Ventures, LUN Partners, The Private Shares Fund, Fuel Venture Capital, Doha Venture Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,850,628
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
PSP Investments, Goldman Sachs, HSBC, GP Bullhound, American Express Ventures, CreditEase, Notion Capital, Santander InnoVentures, Koch Industries, IDC Ventures, LUN Partners, The Private Shares Fund, Fuel Venture Capital, Doha Venture Capital
|
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07/31/2023 | Series E | $875MM | $xx.xx | $2.31B | PSP Investments, Goldman Sachs, HSBC, GP Bullhound, American Express Ventures, CreditEase, Notion Capital, Santander InnoVentures, Koch Industries, IDC Ventures, LUN Partners, The Private Shares Fund, Fuel Venture Capital, Doha Venture Capital | |
Price per Share
$xx.xx
Shares Outstanding
49,885,974
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
PSP Investments, Goldman Sachs, HSBC, GP Bullhound, American Express Ventures, CreditEase, Notion Capital, Santander InnoVentures, Koch Industries, IDC Ventures, LUN Partners, The Private Shares Fund, Fuel Venture Capital, Doha Venture Capital
|
||||||
06/09/2016 | Series D-2 | $3.56MM | $xx.xx | $574.3MM | DCVC, American Express Ventures, CreditEase, HSBC, Notion Capital, Pavilion Capital, Regruit Strategic Partners, Rouven Dresselhaus, Santander InnoVentures | |
Price per Share
$xx.xx
Shares Outstanding
273,770
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DCVC, American Express Ventures, CreditEase, HSBC, Notion Capital, Pavilion Capital, Regruit Strategic Partners, Rouven Dresselhaus, Santander InnoVentures
|
||||||
06/09/2016 | Series D-1 | $3.56MM | $xx.xx | $574.3MM | DCVC, American Express Ventures, CreditEase, HSBC, Notion Capital, Pavilion Capital, Regruit Strategic Partners, Rouven Dresselhaus, Santander InnoVentures | |
Price per Share
$xx.xx
Shares Outstanding
273,770
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DCVC, American Express Ventures, CreditEase, HSBC, Notion Capital, Pavilion Capital, Regruit Strategic Partners, Rouven Dresselhaus, Santander InnoVentures
|
||||||
06/09/2016 | Series D | $67.88MM | $xx.xx | $574.3MM | DCVC, American Express Ventures, CreditEase, HSBC, Notion Capital, Pavilion Capital, Regruit Strategic Partners, Rouven Dresselhaus, Santander InnoVentures | |
Price per Share
$xx.xx
Shares Outstanding
5,221,691
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DCVC, American Express Ventures, CreditEase, HSBC, Notion Capital, Pavilion Capital, Regruit Strategic Partners, Rouven Dresselhaus, Santander InnoVentures
|
||||||
02/25/2014 | Series C-1 | $11.08MM | $xx.xx | $309.38MM | Scentan Ventures | |
Price per Share
$xx.xx
Shares Outstanding
947,389
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Scentan Ventures
|
||||||
02/25/2014 | Series C | $70.25MM | $xx.xx | $309.38MM | Scentan Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,005,504
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Scentan Ventures
|
||||||
12/03/2013 | Series B | $28.08MM | $xx.xx | $165.08MM | ru-Net, Kite Ventures, Notion Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,119,666
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ru-Net, Kite Ventures, Notion Capital
|
||||||
05/16/2011 | Series A | $8.71MM | $xx.xx | $87.08MM | Notion Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,829,000
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Notion Capital
|
Tradeshift, a global B2B trading technology platform that has ridden the highs and lows of its industry in recent years, has some good news to report.