Funding round
Tradeshift Growth
Reported as "Growth Equity"
Tradeshift, which works in cloud-based business network platform development in San Francisco, raised $70M in a Growth round announced on 1 Aug 2023, led by HSBC. 8 firms took part, 8 of them already investors. It is Tradeshift's fifth venture round on record; the one before was a Growth in Dec 2021.
$70M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Tradeshift did not disclose a valuation in this round; its last disclosed one was $2.00B at the Growth (Dec 2021). It came 20 months after Tradeshift's Growth. It is 10% of the $670M Tradeshift has raised in the venture rounds on record. No later venture round is on record for Tradeshift.
Tradeshift's funding rounds
Tradeshift has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
HSBC led the round with 7 other firms. HSBC, AYTK Limited, LUN Partners Group and Fuel Venture Capital and 4 more had backed Tradeshift before.
Lead investor
- HSBC existing investor
Also in the round
- AYTK Limited existing investor
- backs 5 venture-backed companies existing investor
- backs 11 venture-backed companies existing investor
- existing investor
- backs 64 venture-backed companies existing investor
- backs 15 venture-backed companies existing investor
- backs 9 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
342 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 1.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Aug 2023 | $156M | not disclosed | Spectrum Equity |
| Insider One Tech Companies | 31 Aug 2023 | $105M | not disclosed | not named |
| Tech Companies | 25 Aug 2023 | $100M | not disclosed | NGC Ventures |
| Tech Companies | 29 Aug 2023 | $80M | not disclosed | BIP Ventures |
| Tech Companies | 17 Aug 2023 | $65M | not disclosed | not named |
| Tech Companies | 23 Aug 2023 | $65M | not disclosed | MUSIC |
| Tech Companies | 9 Aug 2023 | $50M | $1.25B | not named |
| Tech Companies | 23 Aug 2023 | $49M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Tradeshift raise in its Growth round?
Tradeshift raised $70M in its Growth round, announced in Aug 2023.
Who led Tradeshift's Growth round?
HSBC led it, with AYTK Limited, LUN Partners Group, Fuel Venture Capital, Doha Venture Capital and Notion Capital and 2 more.
What was Tradeshift's valuation at the Growth round?
It was not disclosed; its last disclosed one was $2.00B at the Growth (Dec 2021).
How does it compare with other Growth rounds in Tech Companies?
342 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 1.5 times the median.