Yesterday TradeShift announced it raised $250m at a company valuation of $1.1 billion. This brings the total funding to $400m. The company runs supply chain invoicing, marketplace, and payment solutions. Just last week it announced a blockchain based financing offering.
Goldman Sachs and Public Sector Pension Investment Board provided funding and also entered into new partnerships. Additional participation for this funding round comes from HSBC, H14, GP Bullhound, and Gray Swan, a new venture company established by Tradeshift’s founders. Existing investors include HSBC, Santander, CreditEase and American Express.
CEO Christian Lanng said: “Everyone gets that the future will be networked and that everything will be apps. It’s one of the reasons why blockchain seems to be getting so much traction lately. Blockchain is also a part of the digital zeitgeist, both a driver of and response to a global demand for greater trust and transparency.”
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