Tradeshift Raises $17M At $137M Valuation From Russia
Tradeshift, originating from Denmark, has announced a $17M investment round from two Moscow based investors at a valuation of $137M , according to a recent press release. The investors in the round were ru-Net and Kite Ventures. The company stated the money will be used to speed up product development and expand into the North American market.
TradeShift - Free Invoicing And Then Some
Back in March we covered TradeShift, at a time when there wasn't too much information on the company out yet. A few weeks ago, Wall Street Journal dug into the company and found out what they're really up to. The company publicly stated that they're building a free invoicing platform for companies, but while doing so - they're building a Unified Business Language, developers can build more apps on.
TradeShift Looking To Further Digitalize Payments
There's a startup in Denmark that went by the name of Porta for a long time. Since then, they have changed their name to TradeShift. TradeShift is looking to disrupt and shatter the oligopolies of EDI between large corporations and banks so that the technologies could be used by anyone - small and medium sized companies included. The founders of the company include an experienced bunch. They are Christian Lanng, Mikkel Hippe Brun and Gert Sylvest. Not a founder, but onboard the project is also Morten Lund who made himself famous by his personal bankruptcy some two years ago.
