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Tradeshift raises $250 million

By Sudarshana Banerjee

Tradeshift has raised $250 million in a Series E funding round. The investment was led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments). HSBC, H14, GP Bullhound, and Gray Swan, a venture company established by Tradeshift’s founders, also participated in the round.

The new round of financing brings Tradeshift’s total funding to more than $400 million. The company is now valued at $1.1 billion.

The new investors join existing backers, including HSBC, American Express Ventures, CreditEase Fintech Investment Fund, Notion Capital, Santander InnoVentures, and others.

Mikkel Hippe Brun, Tradeshift’s general manager of China and co-founder, will join Tradeshift’s board.

[Image courtesy: Tradeshift]

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