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Tradeshift Gets $2.7 Billion Valuation in Pre-IPO Fundraise

  • Startup already counts Goldman, PSP, HSBC as investors
  • Firm had been a major borrower from Greensill Capital
Updated on

Tradeshift Holdings Inc., a payment-technology startup, has raised $200 million in new financing that values the firm at around $2.7 billion.

The San Francisco-based firm has secured a commitment from firms led by West River Group, according to people familiar with the matter. The financing is via a convertible note which converts into equity in the event of an IPO that may come as early as next year, said the people, who asked not to be named because the details aren’t public.