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Tradeshift was valued at $ 2.7 billion as part of fundraising before the IPO

tradeshift ipo

Startup Tradeshift raised $ 200 million of investment in a recent funding round, with a post-money valuation of $ 2.7 billion.

According to Bloomberg, a group of investors led by the West River Group invested in the company. Funding is provided through convertible bonds, which are converted into shares in the event of an IPO.

Tradeshift is backed by Goldman Sachs Group Inc., PSP Investments (Canadian Pension Fund) and HSBC Holdings Plc. Tradeshift may go public as early as next year.

Tradeshift — supply chain payment solution, which serves over 1.5 million companies in 190 countries. It was founded by Danish entrepreneurs Christian Lanng, Mikkel Hippe Brun and Gert Sylvest. In recent years, the company has been popularizing blockchain-based payments.

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