PSP Investments co-leads Tradeshift's $250 mln Series E
Tradeshift, a San Francisco-based business commerce platform that connects buyers and sellers, has raised US$250 million in a Series E financing. The round was led by Goldman Sachs and Canadian pension fund manager Public Sector Pension Investment Board, and joined by the company's existing backers. Tradeshift said the deal brings its valuation to US$1.1 billion. Founded in 2009, Tradeshift's technology enables supply chain payments and marketplaces for more than 1.5 million businesses worldwide. It will use the funds raised for strategic initiatives, including continued growth in Europe and Asia and investments in emerging technologies.
30 May 2018•3 mins read
