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Tradeshift valuation hiked up to $2,7 billion

TradeShift, a company presented in our Global Technologies Private Portfolio fund, held a new round of financing for $ 200 million in March. Bloomberg cites an anonymous source within a company. 

According to the results, the company’s capitalisation is estimated at $ 2.7 billion — two and a half times higher than a year earlier. Thus, since January, the return of clients of the Global Technologies Private Portfolio on this investment is approximately 122.3%.

Tradeshift — a cloud-based solution for the complete digitization of bills and payments in the supply chain, immediately resolves cash flow and liquidity problems. The system offers to pay the supplier directly from Tradeshift, thereby preserving liquidity for both the buyer and the supplier. The company was founded in 2009 in Denmark and in three years moved to San Francisco, where it is headquartering.