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   391

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.

SEC to Slap ICO Founder With $30K Fine

Additionally, David Laurance, founder of Tomahawk Exploration LLC got 2 lifetime bans
15 August 2018   119

The US Securities and Exchange Commission (SEC) on Tuesday reported that it has issued two new bans directed against David Laurence, the founder of Tomahawk Exploration LLC. Tomahawk allegedly stands behind fraudulent ICO, writes CoinDesk.

Laurence, according to the SEC, raised funds through the sale of Tomahawkcoin tokens, in the process of using misleading advertising materials and fraudulent statements that it is a tenant of drilling sites.

Moreover, the sale of Tomahawkcoin tokens, according to the SEC, was accompanied by a false promise that "the holders of tokens will be able to exchange Tomahawkcoin for shares and receive a potential profit from oil production and secondary tokens trading."

According to the SEC, Lawrence neither acknowledged nor denied the charges, but he and his company agreed to these bans, as well as a fine of $ 30,000.

...Tomahawk issued tokens as part of the Bounty Program to generate interest in the ICO, which benefited Tomahawk. Distribution of tokens that are securities in exchange for promotional services to advance the issuer's economic objectives or create a public market for the securities constitute sales for purposes of Section 5 of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
 

SEC

The first prohibition of the SEC is a ban on the director's work in public companies, and the second does not allow Lawrence to own and trade in so-called "penny" shares. Both prohibitions, according to the announcement of the SEC, are lifelong.