Taulia Raises $27 million; Continues Rapid Growth During First Half of 2014
Company will use funding to expand global offering and further market traction
SAN FRANCISCO, July 22, 2014-- Taulia, the market-leading provider for supplier financing, announced today that it has raised $27 million in Series D funding.
The round was funded by current investors, including Matrix Partners, Trinity Ventures, Lakestar, DAG Ventures, and led by QuestMark Partners. Taulia is on pace to have its second consecutive 300% revenue growth year. In addition, the San Francisco startup is poised to double its customer base in 2014, while maintaining an industry-best 100 percent customer retention rate.
“Taulia is honored to have won the trust of so many of the world’s best companies and finest investors,” said Bertram Meyer, CEO of Taulia. “It’s an exciting time for Taulia.”
“President Obama’s SupplierPay initiative, announced this month, underscores the growing need for small businesses to have affordable access to financing,” Meyer said. “The expansion we’re seeing in our industry is unprecedented, and we’re proud to provide a solution that benefits both small businesses and corporate buyers.”
Taulia provides the most affordable and predictable form of supplier financing, via cloud-based invoice, payment and dynamic discounting solutions. Taulia enables corporations to become more profitable through automating invoicing and Purchase-to-Pay processes, maximizing supplier discounts, while supporting cash-starved small businesses.
The funding will be used to further Taulia’s market traction, increase hiring efforts, and expand the company’s global presence. This year, Taulia has opened new offices in Austin, Texas, and Sofia, Bulgaria. The company, which already has offices in London, England, Düsseldorf, Germany, and Park City, Utah, will also expand its San Francisco headquarters.
Financial Technology Partners LP and FTP Securities LLC (“FT Partners”) served as exclusive financial advisor to Taulia in this transaction.
Taulia is the fastest growing SaaS platform and network for Supplier Financing, eInvoicing and Supplier Portals. Through turning every invoice into a revenue opportunity, Taulia enables organizations to strengthen supplier relationships while adding millions to the bottom line. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark, and many other Fortune 500 companies. For more information, visit http://www.taulia.com.
Keith Chapman, 415-376-8280 x7146
Loretta Mock/Kristen Kaus, +1 646-395-6300
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