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July 1, 2022
Finance Technologies

Tradeshift raises $240m in bid to become profitable

Tradeshift, the company connecting businesses across the supply chain, has announced a $240 million funding round which is intended to accelerate growth and “set the company on a direct path to profitability in the near future”. The round, which follows a $250 million Series E in 2018, is a combination of equity and debt. Investors in the round were not named, but the Californian company did say some were existing backers – these have, in the past, included Goldman Sachs, Canada’s Public Sector Pension Investment Board (PSP Investments) and HSBC. Tradeshift’s CEO Christian Lanng Announcing the round in a period…
Tradeshift raises 0m in bid to become profitable

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