Funding round
Tradeshift Growth
Reported as "Growth Equity"
Tradeshift, which works in cloud-based business network platform development in San Francisco, raised $200M in a Growth round announced on 9 Dec 2021, at a $2.00B post-money valuation. 9 firms took part, 4 of them already investors. It is Tradeshift's fourth venture round on record; the one before was a Series E in May 2018.
$200M
Amount raised
$2.00B
Post-money valuation
$1.80B pre-money
9
Investors
no lead named
1.8x
Step-up from the Series E
$1.10B in May 2018
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tradeshift at $2.00B after the new money, 1.8 times the $1.10B of its Series E (May 2018). The $200M bought investors about 10% of the company. It came 43 months after Tradeshift's Series E. It is 30% of the $670M Tradeshift has raised in the venture rounds on record. Tradeshift raised again 20 months later: a Growth round of $70M in Aug 2023.
Tradeshift's funding rounds
Tradeshift has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
9 firms took part; no lead investor was named.
Investors
- Koch Industries existing investor
- backs 15 venture-backed companies existing investor
- backs 5 venture-backed companies existing investor
- backs 9 venture-backed companies existing investor
- backs 36 venture-backed companies new investor
- HSBC Holdings PLC new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- American Express Ventures new investor
- Wipro Digital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
440 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $56M, and this round was 3.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Dec 2021 | $580M | $21.00B | Salesforce Ventures |
| Unily Tech Companies | 21 Dec 2021 | $444M | not disclosed | CVC |
| Tech Companies | 13 Dec 2021 | $165M | $1.00B | Sixth Street Growth |
| Tech Companies | 12 Dec 2021 | $145M | $750M | not named |
| Tech Companies | 20 Dec 2021 | $145M | $3.50B | Coatue |
| Tech Companies | 6 Dec 2021 | $85M | not disclosed | JMI Equity |
| Tech Companies | 6 Dec 2021 | $50M | not disclosed | not named |
| Tech Companies | 6 Dec 2021 | $36M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Tradeshift raise in its Growth round?
Tradeshift raised $200M in its Growth round, announced in Dec 2021.
Which investors took part in Tradeshift's Growth round?
Koch Industries, IDC Ventures, LUN Partners Group, The Private Shares Fund, Fuel Capital and HSBC Holdings PLC and 3 more.
What was Tradeshift's valuation at the Growth round?
$2.00B post-money ($1.80B pre-money).
How does it compare with other Growth rounds in Tech Companies?
440 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $56M, and this round was 3.6 times the median.
Did Tradeshift raise again after this round?
Yes: a Growth round in Aug 2023 of $70M.