Tradeshift to Raise $250M During Series E Financing

To date, the total amount of Tradeshift venture capital investments attracted was $ 400 million, and the company's value is estimated at $ 1.1 billion
31 May 2018   939

Specializing in supply chain management, the Danish company Tradeshift raised $ 250 million during the E-series financing round, led by Goldman Sachs and PSP Investments. This is reported in a press release of the company.

Financing participated financial conglomerate HSBC, venture company H14, American Express Ventures and Santander InnoVentures took part in financing too. To date, the total amount of Tradeshift venture capital investments attracted is $ 400 million, and the company's value is estimated at $ 1.1 billion.

The funds will be used to invest in emerging technologies, such as artificial intelligence and blockchain, and to expand the company to the markets of Europe and Asia. The development of new technologies will be handled by the Frontiers division, created by Tradeshift in January this year.

We have always believed that the future of supply chains is 100 percent digital and that connecting trade is just the first step to a digitally connected economy. This investment will enable us to continue our rapid growth and consolidate our leadership position. We welcome Goldman Sachs and PSP Investments as our newest investorsand look forward to their valuable contributions as we enter our next growth phase.
 

Christian Lanng

CEO and Co-Founder, Tradeshift

Also last week, the Danish company launched the payment system oriented to B2B-segment called the Tradeshift Pay. It is a cloud blockchain-based platform for managing supply chains.

Poloniex Wants to be Tron Super Representative

If the exchange will be elacted, it will be able to participate in the distribution of awards for one and a half million TRX daily
18 November 2019   86

The Poloniex cryptocurrency exchange this Monday announced the nomination of its candidacy for the role of validator in the blockchain project system TRON.

If successful, the exchange will be able to participate in the distribution of awards for one and a half million TRX daily. At the time of publication, she ranks 92nd in the general list of candidates with 32,626 votes, while the last super-representative in the 27th position has 262,320,639 of them.

Some time before, Poloniex opened several trading pairs for the TRX exchange and announced an official collaboration with Justin Sun's project.