Taulia Tacks on $15 Million; Brings Total Raised to $85 Million

January 26, 2015 Keith Chapman

SAN FRANCISCO, CA -- Taulia, the market-leading platform for supplier financing, announced today that the company has raised an additional $15 million from the U.K.-based investor Zouk Capital, bringing its total capital raised to $85 million. The latest funding comes on the heels of a record year for Taulia, which saw its revenues triple in 2014.

"We see tremendous growth and potential in the SaaS enterprise space, and particularly in organizations that provide significant value to clients," says Samer Salty, CEO of Zouk Capital. "This is the case for Taulia, whose business model and market traction is unprecedented. Taulia is also a great example of a company that delivers clear resource efficiencies -- core to our investment thesis -- and we are excited to help Taulia build on its incredible momentum."

The additional funding, which comes just four months since Taulia closed its $40 million Series D round, illustrates the ever-increasing demand from enterprises needing to transform complex global supply chains. 

"We received an overwhelming amount of interest from investors during the past several months, and believe this additional funding will fuel Taulia's market traction and global presence as we continue to help organizations change the way they pay their small business suppliers," says Taulia CEO Bertram Meyer. "We're excited to start a new chapter with such an experienced and innovative partner like Zouk, who will provide a gateway into strategic markets in Europe and Asia."

In another record year, Taulia hit several milestones. The company:

  • Crossed the threshold of $75 billion in affordable financing provided to small businesses
  • As its supplier network grew 186%, spend under management on the Taulia platform more than doubled
  • Taulia employees more than doubled to more than 200, as the company opened offices in Austin, Texas and Sofia, Bulgaria
  • Successfully launched several market-leading products, among them Taulia Enhanced Discounting and Taulia Analytics
  • Further expanded industry presence among Global 2000 clients in healthcare, energy, manufacturing, oil and gas, retail, auto manufacturing, and technology companies
  • Maintained 100% customer retention rate

"From the beginning, Taulia's vision has been to fundamentally change how businesses partner with each other," says Meyer. "We're excited that customers, investors, and now governments are recognizing the importance of optimizing supply chains, and we're looking forward to building on our momentum in 2015 with a great new partner in Zouk."

Throughout the year, Taulia has been closely involved with the White House's SupplierPay pledge, which encourages large corporations to pay their suppliers early; Taulia has also advised governments across Europe on similar initiatives.

Last week, Taulia announced the hire of its Chief Financial Officer, Rik Thorbecke, a decorated Silicon Valley executive with significant experience leading startups into major global enterprises.

In addition, Taulia was recognized with several awards throughout the year. Taulia was selected as one of the 2014 Best Places to Work in the Bay Area for the second consecutive year, was named one of the 2014 San Francisco Bay Area's Best And Brightest Companies To Work For®, became an Oracle Gold Partner, and was named by AlwaysOn to the 2014 OnDemand 50 Companies to Watch list.

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