Funding round
Tradeshift Series E
Tradeshift, which works in cloud-based business network platform development in San Francisco, raised $250M in a Series E round announced on 29 May 2018, led by Goldman Sachs and PSP Investments, at a $1.10B post-money valuation. 10 firms took part, 3 of them already investors. It is Tradeshift's third venture round on record; the one before was a Series D in Jun 2016.
$250M
Amount raised
$1.10B
Post-money valuation
$850M pre-money
10
Investors
2 leads
2.2x
Step-up from the Series D
$500M in Jun 2016
23%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tradeshift at $1.10B after the new money, 2.2 times the $500M of its Series D (Jun 2016). The $250M bought investors about 23% of the company. It came 23 months after Tradeshift's Series D. It is 37% of the $670M Tradeshift has raised in the venture rounds on record. Tradeshift raised again 43 months later: a Growth round of $200M in Dec 2021, at $2.00B post-money.
Tradeshift's funding rounds
Tradeshift has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Goldman Sachs and PSP Investments led the round with 8 other firms. HSBC, H14 and GP Bullhound had backed Tradeshift before.
Lead investors
- Goldman Sachs backs 218 venture-backed companies new investor
- backs 12 venture-backed companies new investor
Also in the round
- HSBC existing investor
- H14 existing investor
- backs 22 venture-backed companies existing investor
- Gray Swan new investor
- American Express Ventures new investor
- CreditEase Fintech Investment Fund new investor
- backs 64 venture-backed companies new investor
- backs 39 venture-backed companies new investor
Joined the board: Mikkel Hippe Brun.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
23 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $75M, and this round was 3.3 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 31 May 2018 | $50M | not disclosed | not named |
| Dataminr Tech Companies | 29 Jun 2018 | $392M | $1.60B | not named |
| Tech Companies | 5 Apr 2018 | $60M | $270M | Bain Capital Ventures |
| Tech Companies | 29 Aug 2018 | $94M | not disclosed | not named |
| Tech Companies | 19 Sep 2018 | $37M | not disclosed | Candy Ventures and Qualcomm Ventures |
| Neo4j Tech Companies | 1 Nov 2018 | $80M | not disclosed | One Peak and Morgan Stanley |
| Tech Companies | 16 Nov 2018 | $12M | not disclosed | Samsung NEXT |
| Tech Companies | 16 Nov 2017 | $1.7M | not disclosed | BIP Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Tradeshift raise in its Series E round?
Tradeshift raised $250M in its Series E round, announced in May 2018.
Who led Tradeshift's Series E round?
Goldman Sachs and PSP Investments led it, with HSBC, H14, GP Bullhound, Gray Swan and American Express Ventures and 3 more.
What was Tradeshift's valuation at the Series E round?
$1.10B post-money ($850M pre-money).
How does it compare with other Series E rounds in Tech Companies?
23 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $75M, and this round was 3.3 times the median.
Did Tradeshift raise again after this round?
Yes: a Growth round in Dec 2021 of $200M at $2.00B post-money.