B2B platform Tradeshift attracts investors
HSBC and American Express Ventures are among new names responding to its US$75m funding round.
HSBC and American Express Ventures are among new names responding to its US$75m funding round.
Tradeshift, the global business to business (B2B) network and platform that connects buyers and suppliers, said that new and existing investors that have joined the company’s US$75m Series D funding, including venture capital firm and round leader Data Collective (DCVC), HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund, managed by CreditEase, and Pavilion Capital, a subsidiary of Temasek Holdings. Matt Ocko, co-managing partner and co-founder of DCVC, will join Tradeshift’s board of directors.
“Tradeshift has developed a smart supply chain solution that integrates seamlessly with multiple platforms,” said Stuart Tait, global head of trade and receivables finance for HSBC. “We look forward to developing our collaboration with them on the back of this investment; learning from each other and bringing the benefits of digital transformation to our
customers.”