Tradeshift Secures $75M To Expand Its Invoicing Platform Globally


TechCrunch

Tradeshift , the SF-based enterprise invoicing startup that originally emerged from Copenhagen, has now closed $75 million in Series C growth funding from Singapore’s Scentan Ventures. The company will use the new funds for global expansion, including developing and growing a new partnership with Scentan, initially in Japan. Tradeshift will also open offices in Tokyo. Tradeshift has raised $112 million to date . Previous investors included Notion Capital, Ru-net, Kite Ventures, Intuit and PayPal, while it has been backed by Angels including early Skype investor Morten Lund.

Scentan Ventures now gets exclusive product development, sales, marketing and service rights to the Tradeshift platform throughout Japan. Ultimately CEO and Co-founder Christian Lanng hopes to take the company to an initial public offering in about three years.

Tradeshift lets businesses send invoices and get payments from suppliers via its platform, using connections between companies to verify the transactions in a manner similar to…

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