Tradeshift
 | |
| ISIN | 🆔 |
|---|---|
| Industry | Software |
| Founded 📆 | May 2010 |
| Founder 👔 | Christian Lanng, Mikkel Hippe Brun, Gert Sylvest |
| Headquarters 🏙️ | , San Francisco, New York, London, Copenhagen, Stockholm, Paris, Munich, Shanghai, Suzhou, Tokyo |
Area served 🗺️ | |
| Members | |
Number of employees | 700 |
| 🌐 Website | tradeshift.com |
| 📇 Address | |
| 📞 telephone | |
Tradeshift is a web based business network and also a free invoicing platform[1] founded by Christian Lanng,[2][3][4] Mikkel Hippe Brun[5] and Gert Sylvest.[6][7] The network was launched in May 2010, and used in more than 150 countries by February 2011.[8] The project has gained media attention in online magazines, including Wired[9] and Financial Times.[10] Tradeshift's competitors include Ariba,[11] OB10, Coupa and Maventa.com.[1] In March 2012, the company released an invoice processing product called CloudScan, which aims to make sure buyers don't need to do any invoice handling work.[12]
Background[edit]
All of the founders have a background in the Danish public sector, where they created the world's first large scale peer-to-peer infrastructure for e-business called Easytrade. This innovation was nominated for the European eGovernment Awards in 2009.[13] The founders also had leading roles (Governing board member, Technical Director) in the European Commission project PEPPOL, which is aiming to enable cross-border electronic trade inside the European Union.[5]
Team[edit]
The Tradeshift board consists of Christian Lanng, CEO of Tradeshift and chairman of the board, Noriaki Okubo, managing director at Scentan Ventures, Stephen Chandler, managing partner at Notion Capital, Ian Swycher, Anzen Private Equity, Edward Shenderovich, founding partner at Kite Ventures, Mikkel Hippe Brun, co-founder and SVP of APAC Tradeshift.
Funding[edit]
In May 2011, Tradeshift raised $7 million from Notion Capital.[14][15] In October that year, it raised a further $17 million, which established its total market value at around $137 million.[16] The participants in the later round were Intuit and Kite Ventures a US-based software company and a New York-based venture fund.[17]
In February 2014, Tradeshift received $75 million from Singapore’s Scentan Ventures, which the company said it would use to expand its business in Japan and China, where many of its customers have suppliers. Scentan's involvement now values Tradeshift at $300 million.[18]
In May 2018 Tradeshift raised $250 million in a funding round led by Goldman Sachs Group Inc. and PSP Investments to boost its market share and invest in technology before a potential initial public offering. This round valued the company at $1.1 billion.[19][20]
See also[edit]
Further reading[edit]
- Jonathan Løw: The GuruBook: Insights from 45 Pioneering Entrepreneurs and Leaders on Business Strategy an Innovation. Chapter: Christian Lanng, Leadership from the trenches. CRC Press: Boca Raton, Florida 2018.
References[edit]
- ↑ 1.0 1.1 Mike Butcher, TechCrunch. "Tradeshift shifts up a gear with Instant Payments for businesses." October 11, 2011. Retrieved January 11, 2012.
- ↑ ANDREW KEEN, TechCrunch. "Keen On… Christian Lanng: Why All Current Business Software Is Crap [TCTV]." March 20, 2012. Retrieved May 7, 2012.
- ↑ Shared Services Link. "The CEO briefing: Tradeshift's Christian Lanng talks about e-invoicing interoperability." September 7, 2011. Retrieved May 7, 2012.
- ↑ Idea Mensch. "Christian Lanng – Co-Founder and CEO of Tradeshift." Retrieved May 7, 2012.
- ↑ 5.0 5.1 Antony Savvas, Computer World UK. "EU e-procurement agency implements TradeShift." December 13, 2011. Retrieved May 7, 2012.
- ↑ Paul Corning, ZD Net. "Tradeshift goes social with business apps." April 8, 2011. Retrieved May 7, 2012.
- ↑ JASON HESSE, The Kernel Magazine. "INVOICING FOR DUMMIES." MAY 1, 2012. Retrieved May 7, 2012.
- ↑ Butcher, Mike (2011-02-17). "Tradeshift lights the touchpaper". TechCrunch. Retrieved 2011-04-05.
- ↑ Roth, Daniel (2010-02-22). "The Future of Money". Wired. Retrieved 2010-03-25.
- ↑ Bradshaw, Tim (2011-05-16). "Tradeshift in $7m fundraising". FT. Retrieved 2011-05-16.
- ↑ Jason Busch, Spend Matters. "TradeShift Introduces CloudScan -- A Shift in E-Invoicing Philosophy as Much as Technology (Part 2)." March 13, 2012. Retrieved March 14, 2012.
- ↑ Jason Busch, Spend Matters. "TradeShift Introduces CloudScan -- A Shift in E-Invoicing Philosophy as Much as Technology (Part 1)." March 8, 2012. Retrieved March 13, 2012.
- ↑ . "Award Finalists 2009". ePractice.
- ↑ Steve O'Hear, TechCrunch. "Tradeshift raises $7m for its ‘Skype for invoicing’ and wider B2B play." May 16, 2011. Retrieved January 11, 2011.
- ↑ Ciara Byrne, VentureBeat. "[Tradeshift reinvigorates invoicing with $7 million in funding https://venturebeat.com/2011/05/16/tradeshift-reinvigorates-invoicing-with-7-million-in-funding/]." May 16, 2011. Retrieved March 13, 2012.
- ↑ Ben Rooney, The Wall Street Journal. "Tradeshift Secures $17 Million Funding." October 25, 2011. Retrieved March 13, 2012.
- ↑ Robin Wauters, TechCrunch. "E-invoicing company Tradeshift raises $17 million at $137 million valuation." October 25, 2011. Retrieved December 19, 2011.
- ↑ Davies, Sally. "Digital invoicer Tradeshift valued at over $300m in fundraising", The Financial Times London, 25 February 2014
- ↑ Will Mathis, Bloomberg. "Tradeshift Valuation Hits $1.1 Billion After Pre-IPO Fundraising" May 29th, 2018.
- ↑ Mike Butcher, TechCrunch. "Tradeshift raises $250M Series E, Goldman Sachs joins the round" May 30th, 2018.
External links[edit]
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