# Tradeshift Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tradeshift-holdings

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.tradeshift.com
- Total disclosed funding: $120M
- Latest round: Series E (Dec 9, 2021)
- Investors on record: 22

## About

Tradeshift Inc. is a San Francisco-based company specializing in Accounts Payable automation and e-Invoicing solutions, enhancing financial process efficiency for businesses through digital transformation.Founded in 2009 in San Francisco, US, Tradeshift Inc. offers innovative financial solutions. The company has successfully secured a total of 18 funding deals, with the latest round of funding occurring on August 1, 2023, where they raised USD 70 mn led by HSBC Bank, supported by several other investors. Co-founders Christian Lanng, Alice Russotti, Elene Kvirikashvili, Gert Sylvest, Giorgi Pruidze, and Shane Benjamin have previously been involved in various entrepreneurial ventures. Currently led by CEO Christian Lanng, Tradeshift continues to expand its market presence.Tradeshift’s core offerings center on their Accounts Payable automation and e-Invoicing platform, designed to enable businesses to streamline their financial processes through digital transformation. The platform facilitates the automatic capture of invoices from various sources, including e-Invoicing, PDFs, and OCR, ensuring compliance with local regulations in 70 countries, including France, Germany, and China. By employing features like first-invoice onboarding, multi-way matching, and automated approval workflows, Tradeshift significantly reduces manual errors and operational costs while enhancing transaction visibility. Their solutions cater to a diverse client base, including multinational corporations that demand extensive customization and support for global operations, addressing common pain points such as compliance deadlines, operational inefficiencies, and the need for real-time insights into financial transactions.Tradeshift generates revenue primarily through subscription-based pricing models for its AP automation and e-Invoicing solutions. Clients typically engage the platform through tailored service agreements, which may involve annual or monthly fees based on the volume of invoices processed and the specific functionalities utilized. The revenue structure includes recurring fees for platform access and potential additional charges for premium services, such as enhanced compliance support or data analytics features. Partnerships with financial institutions, like the collaboration with HSBC for payment and trade solutions, further augment their revenue streams, optimizing financial operations for businesses while ensuring adherence to international compliance standards.In August 2023, Tradeshift Holdings Inc. raised USD 70 mn in venture funding led by returning investor HSBC Bank, with participation from other returning investors Fuel Venture Capital, IDC Ventures, LUN Partners Capital, Notion Capital, and The Private Shares Fund, and new investors AYTK Limited and Doha Venture Capital. The funding will be utilized to support the development of its finance solutions. Tradeshift is focused on expanding its product offerings and entering new markets, although specific details on upcoming products and targeted regions have not been disclosed.

## Funding rounds

- Series E, Dec 9, 2021 — Koch Industries, HSBC Bank, Goldman Sachs Asset Management, American Express Ventures, Wipro Ventures, Fuel Venture Capital, LUN Partners Capital, IDC Ventures, The Private Shares Fund
- Series E, Dec 1, 2017 — Public Sector Pension Investment Board, HSBC Bank, Gray Swan Group, Goldman Sachs Asset Management, H14, GP Bullhound
- Series D, May 26, 2016, $2.3M — Notion Capital, DCVC, American Express Ventures, CreditEase Corp., Pavilion Capital Partners
- Series D, Feb 23, 2016, $20M — Notion Capital, Pavilion Capital, DCVC, American Express Ventures, CreditEase Corp.
- Series C, Jul 24, 2015, $29M — Scentan Ventures
- Series C, May 8, 2014, $15M — Notion Capital, Scentan Ventures
- Series C, Dec 3, 2013, $15M — Notion Capital, Scentan Ventures
- Series B, Dec 21, 2012, $15M — Notion Capital, Intuit, Inc., Kite Ventures, RTP Global
- Series B, Dec 9, 2011, $17M — Notion Capital, Kite Ventures, RTP GLobal
- Series A, May 16, 2011, $7M — Notion Capital

## Investors

- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A, Series B, Series C, Series D
- Kite Ventures — Series B
- RTP GLobal (https://capitalatlas.ai/funds/rtp-global) — Series B
- Intuit, Inc. — Series B
- Scentan Ventures (https://capitalatlas.ai/funds/scentan-ventures) — Series C
- Pavilion Capital — Series D
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series D
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series D, Series E
- CreditEase Corp. — Series D
- Pavilion Capital Partners (https://capitalatlas.ai/funds/pavilion-capital-partners) — Series D
- Public Sector Pension Investment Board — Series E
- HSBC Bank — Series E
- Gray Swan Group — Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series E
- H14 — Series E
- GP Bullhound (https://capitalatlas.ai/funds/gp-bullhound) — Series E
- Koch Industries — Series E
- Wipro Ventures (https://capitalatlas.ai/funds/wipro-ventures) — Series E
- Fuel Venture Capital (https://capitalatlas.ai/funds/fuel-venture-capital) — Series E
- LUN Partners Capital (https://capitalatlas.ai/funds/lun-partners-capital) — Series E
- IDC Ventures — Series E
- The Private Shares Fund (https://capitalatlas.ai/funds/the-private-shares-fund) — Series E