---

Receivables and Treasury SaaS Leader HighRadius Achieves UnicornStatus with $125 Million Series B Investment

Share This Article

ICONIQ Capital leads funding round; backs HighRadius as market-leaderin the next big Fintech category for the office of the CFO

HOUSTON, January 7, 2020-- HighRadius,the leader in Artificial Intelligence-powered Order-to-Cash and TreasuryManagement software, has raised $125 million in a Series B growthfunding round led by ICONIQCapital, with participation from existing investors SusquehannaGrowth Equity and CitiVentures. The new capital will be used to accelerate HighRadius’ continuing platform development and expansion of the company’sgeographic reach.

HighRadius is headquartered in Houston, Texas and is trusted by morethan 400 clients including more than 200 of the Forbes Global 2000. TheHighRadius integrated platform for accounts receivables and treasurymanagement leverages native AI capabilities to help companies optimizeworking capital. The HighRadius platform includes:

• RivanaAI engine with machine learning algorithms trained on over $1trillion in receivables per annum to automate routine tasks andprovide insights such as predicting invoice payment dates.
• AutonomousReceivables, an industry-first enterprise software—with a touchand voice user interface powered by the FreedaDigital Assistant—that brings the first ‘human + machine’ real-time interaction experience to corporate users.
• AI-poweredcash forecasting to fundamentally shift treasurers away fromsub-optimal financing decisions made due to a lack of confidence incurrent excel-based heuristic models.

Sashi Narahari, Founder and CEO of HighRadius, said: “Today marks animportant milestone for HighRadius and we’re thrilled to have ICONIQjoin us in our vision to modernize the Order to Cash space. ICONIQcombines patient capital with a long-term vision of investing incategory-defining businesses, and the firm has worked with some of theworld’s most successful tech entrepreneurs. We are building HighRadiusinto a self-sustaining, long-term category leader, and ICONIQ is a greatpartner for us in this journey.”

“We’re thrilled to support HighRadius’ efforts to bring innovative AIcapabilities to the financial side of the enterprise,” said WillGriffith, Partner at ICONIQ Capital. “As we have seen in many of ourportfolio companies and past investments, including BlackLine and Coupa,digital transformation is increasingly a CFO priority. The HighRadiusplatform is game-changing for CFOs and finance departments, and thecompany has earned tremendous customer loyalty by enabling receivablesand treasury teams to perform more efficiently and effectively, and bydelivering mission-critical ROI. HighRadius fits squarely into ourcommitment to invest in best-in-class, long-term technology businessesdriven by incredible teams, and we look forward to working alongsideSashi and the rest of the HighRadius team through their next phase ofgrowth.”

HighRadius was advised by AtlasTechnology Group for this transaction.

About HighRadius Corporation

HighRadius is a fintech enterprise SaaS which automates AccountsReceivable and Treasury processes with AI-based Autonomous Systems. The HighRadius® Integrated Receivables platform reduces cycle times in yourorder-to-cash process through automation of receivables and paymentsprocesses across credit, electronic billing and payment processing, cashapplication, deductions, and collections. HighRadius® TreasuryManagement Applications help teams achieve touchless cashmanagement, accurate cash forecasting and seamless bank reconciliation.Powered by the Rivana™Artificial Intelligence Engine and Freeda™Digital Assistant for order-to-cash teams, HighRadius enables teams toleverage machine learning to predict future outcomes and automateroutine labor-intensive tasks. To learn more, please visit www.highradius.com.

About ICONIQ Capital

ICONIQ Capital is a privately-held financial advisory and investmentfirm, and a partner of choice for exceptional entrepreneurs, leaders andinstitutions around the world. The firm invests in technology growthequity, middle market buyout and real estate asset classes and employs adistinctive ecosystem to build enduring businesses. ICONIQ is a trustedadvisor fostering meaningful strategic relationships across industriesto source powerful ideas, magnify global impact and support a newgeneration of entrepreneurs and companies. For a full list ofinvestments made by ICONIQ Growth, an affiliate of ICONIQ Capital,please visit here.

About Susquehanna Growth Equity

Susquehanna Growth Equity, LLC (SGE) invests in growth stage technologycompanies in the software, information services, internet and financialtechnology sectors. SGE is backed by a unique and patient source ofcapital, which enables the firm to give management teams andentrepreneurs freedom and flexibility to maximize growth. The firm hasinvested in over 50 companies globally over the last 13 years. To learnmore, please visit www.sgep.com.

Contact:
Treble
EthanParker
highradius@treblepr.com
512.960.8222

News Index

---