Funding round
Tradeshift Series D
Tradeshift, which works in cloud-based business network platform development in San Francisco, raised $75M in a Series D round announced on 9 Jun 2016, led by DCVC, at a $500M post-money valuation. 6 firms took part. It is Tradeshift's second venture round on record; the one before was a Growth in Feb 2014.
$75M
Amount raised
$500M
Post-money valuation
$425M pre-money
6
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tradeshift at $500M after the new money. The $75M bought investors about 15% of the company. It came 28 months after Tradeshift's Growth. It is 11% of the $670M Tradeshift has raised in the venture rounds on record. Tradeshift raised again 23 months later: a Series E round of $250M in May 2018, at $1.10B post-money.
Tradeshift's funding rounds
Tradeshift has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
DCVC led the round with 5 other firms.
Lead investor
- DCVC backs 171 venture-backed companies new investor
Also in the round
- HSBC new investor
- American Express Ventures new investor
- backs 64 venture-backed companies new investor
- CreditEase Fintech Investment Fund new investor
- Pavilion Capital new investor
Joined the board: Matt Ocko (Data Collective).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
42 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $36M, and this round was 2.1 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Jun 2016 | $30M | not disclosed | Viola Private Equity |
| Tech Companies | 14 Jun 2016 | $6.0M | not disclosed | You & Mr Jones |
| Tech Companies | 24 May 2016 | $19M | not disclosed | SSM Partners |
| Tech Companies | 1 May 2016 | $5.0M | not disclosed | not named |
| Tech Companies | 13 Apr 2016 | $18M | not disclosed | Health Velocity Capital |
| Tech Companies | 25 Sep 2016 | $40M | not disclosed | Thomvest Ventures |
| Tech Companies | 30 Mar 2016 | $30M | not disclosed | Morgan Stanley Alternative Investment Partners |
| Tech Companies | 29 Sep 2016 | $23M | not disclosed | Bpifrance |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Tradeshift raise in its Series D round?
Tradeshift raised $75M in its Series D round, announced in Jun 2016.
Who led Tradeshift's Series D round?
DCVC led it, with HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund and Pavilion Capital.
What was Tradeshift's valuation at the Series D round?
$500M post-money ($425M pre-money).
How does it compare with other Series D rounds in Tech Companies?
42 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $36M, and this round was 2.1 times the median.
Did Tradeshift raise again after this round?
Yes: a Series E round in May 2018 of $250M at $1.10B post-money.