Tradeshift, the Copenhagen-based social invoicing startup, today announced that it has secured $17 million in a funding round led by the Russian investment companies ru-Net and Kite Ventures.
The round is also supported by existing investor Notion Capital, which increases its stake in the young company. The latest round values Tradeshift at $137 million, making this one of the largest investments in a European tech startup this year, while Notion’s increased stake reflects its belief in the growing opportunity.
According to Tradeshift, the investment will be used to accelerate product development, expand the company into North America in the beginning of next year, and further drive large enterprise adoption of the platform. The company currently has additional offices in Paris, London, Amsterdam and San Francisco.
Tradeshift was founded in 2009, and offers a free web-based invoicing tool, which is a great alternative to creating your invoices on paper, or in an office package. With Tradeshift, you can also connect to your business contacts and build a network to allow you to exchange documents and live messages.
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