Tradeshift has completed a $75 million Series D funding round, valuing the cloud-based supply chain solution provider at more than $500 million. The round was led by Data Collective (DCVC) and also included HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund, managed by CreditEase, and Pavilion Capital.

The startup will use the cash 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 has developed a smart supply chain solution that integrates seamlessly with multiple platforms,” says 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.”

By Scott Thompson

by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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