Funding round
Tradeshift Growth
Reported as "Growth Equity"
Tradeshift, which works in cloud-based business network platform development in San Francisco, raised $75M in a Growth round announced on 25 Feb 2014, led by Scentan Ventures. 1 firm took part. It is Tradeshift's first venture round on record.
$75M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Tradeshift did not disclose a valuation in this round. It is Tradeshift's first venture round on record, 4 years after it was founded in 2010. It is 11% of the $670M Tradeshift has raised in the venture rounds on record. Tradeshift raised again 28 months later: a Series D round of $75M in Jun 2016, at $500M post-money.
Tradeshift's funding rounds
Tradeshift has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Scentan Ventures led the round.
Lead investor
- Scentan Ventures new investor
Joined the board: Noriaki Okubo (Scentan Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion.
- Geographic expansion
Comparable rounds
How it compares
29 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $42M, and this round was 1.8 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Jan 2014 | $30M | not disclosed | Greenspring Associates |
| Tebra Tech Companies | 21 Jan 2014 | $30M | not disclosed | Greenspring Associates |
| Tech Companies | 28 Jan 2014 | $25M | not disclosed | Greylock Partners |
| Tech Companies | 15 Apr 2014 | $42M | not disclosed | Technology Crossover Ventures |
| Tech Companies | 7 Apr 2014 | $40M | not disclosed | Vulcan Capital Management |
| Tech Companies | 18 Dec 2013 | $28M | not disclosed | Sequoia Capital |
| Tech Companies | 1 May 2014 | $64M | not disclosed | not named |
| Tech Companies | 15 May 2014 | $55M | not disclosed | Spectrum Equity |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Tradeshift raise in its Growth round?
Tradeshift raised $75M in its Growth round, announced in Feb 2014.
Who led Tradeshift's Growth round?
Scentan Ventures led it.
What was Tradeshift's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
29 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $42M, and this round was 1.8 times the median.
Did Tradeshift raise again after this round?
Yes: a Series D round in Jun 2016 of $75M at $500M post-money.