Tradeshift Look to Raise $240 Million Round

Tradeshift is a supply chain finance company and has announced they are close to closing a $240 million equity and debt funding round; the company is also looking to be profitable in the near future; HSBC and Goldman Sachs participated in their $250 million Series A back in 2018; Tradeshift was launched in 2010 and enables supply chain payments and marketplaces for over 1.5 million businesses globally. They reported 60% revenue growth in 2019 and are focusing on controlling their costs ahead of a potential IPO down the road. finextra

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