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 Now In Finnish And Dutch
About a month after closing a $7M funding round, Tradeshift is doing better and better. Their platform is now available in Finnish and Dutch languages to attract even more local businesses use the network. 'Of all the European markets we are in, the Netherlands and Finland are among the most mature when it comes to online invoicing', comments Christian Lanng, CEO. 'The adoption of e-invoicing has been driven [there] by the Governments which has resulted in highly competitive e-invoicing markets'. Turns out that even before Tradeshift was translated into Finnish and Dutch, their free e-invoicing model was already being used by businesses of all sizes as an alternative to traditional online invoicing providers.
Tradeshift Announces $7M In Funding And Big Deals
Tradeshift has just announced $7 million in funding from Notion Capital. Tradeshift pitches itself as the social network for businesses. At this first stage, it allows companies to send electronic invoices to each other without costs. Previously, it has secured seed funding from PayPal, who is also a technology partner for the company. Notion Capital is a venture fund created by the team that founded and sold MessageLabs for $700 million. Tradeshift had many other investment partners to choose from, but they chose Notion Capital due to their own experience in growing a company from a startup to a global success story.
Tradeshift Opens Up Its Arms, Brings Its Apps To Developers
Tradeshift, the Danish firm that has been in reports quite often here at ArcticStartup is making itself more useful with the announcement of bringing their applications to developers. To put it out more clearly, this would enable developers to build applications within the Tradeshift ecosystem.
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.
