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, SEB Private Equity on behalf of funds and clients 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,” says 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 says, “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.