Supply chain management firm Tradeshift has raised $250m in a series E funding to boost growth and to invest in artificial intelligence (AI) and blockchain. The company is looking for an additional $200m of investment from investors including Andreessen Horowitz, Accel Partners and existing investors, according to the company. The money will also be invested in expanding Tradeshift's business in Europe and Asia. The funding round was led by Goldman Sachs and Public Sector Pension Investment Board, with additional participation from HSBC, GP Bullhound, Gray Swan and H14. The San Francisco-headquarted company is now valued at $1.1bn and has raised a total of $400m.
Supply chain management firm Tradeshift has raised $250m in a series E funding to boost growth and to invest in artificial intelligence (AI) and blockchain. The inclusion of the technologies into its existing operations will be overseen by the newly established Frontiers unit. The money will also be invested in expanding Tradeshift's business in Europe and Asia. The funding round was led by Goldman Sachs and Public Sector Pension Investment Board, with additional participation from HSBC, GP Bullhound, Gray Swan and H14. The San Francisco-headquarted company is now valued at $1.1bn and has raised a total of $400m.