Friday 26th September, 2014

 Taulia has announced that it has raised an additional $13 million in Series D fundraising, bringing the round to a total of $40 million.  

Taulia received extensive interest from investors in the wake of the company’s initial $27 million Series D raise, which was announced in July of 2014. In an oversubscribed round, Taulia attracted additional funds from leading international investors BBVA Ventures, the corporate venture arm of the BBVA Group based in Spain, and EDBI, the corporate investment arm of Singapore’s Economic Development Board.

“We’re very pleased to see continued and growing interest in our solutions across the globe,” says Taulia CEO Bertram Meyer. “It’s exciting to see our significant market traction recognized by these leading international investors, BBVA and EDBI.”

Taulia, founded in 2009, has now raised $70 million in total funding.

The latest investment comes as Taulia has opened new offices across the U.S. and Europe, and has significantly grown its market traction internationally. The San Francisco-based startup has tripled revenue year-over-year for two consecutive years and is on pace to exceed that revenue growth in 2014.

“Taulia’s business model is unparalleled in supply chain finance,” said BBVA Ventures Executive Director Thomas Whiteaker. “Not only is it 100 percent automated, but it could save buyers millions annually and gives suppliers better access to working capital. Traditionally small suppliers have needed to rely on a combination of more expensive factoring and lending options to meet their capital needs, Taulia is replacing both.”

In recent months, Taulia has further penetrated several industries, including food and beverage, oil and gas, healthcare, and utilities. Taulia’s customers include some of the most innovative Fortune 500 and Global 2000 companies, such as PG&E, Hallmark, Coca-Cola Bottling Co. Consolidated and Graphic Packaging International. Through Taulia’s growth, the startup has continued to pride itself on its customer service and its 100% customer renewal rate.

Taulia provides the most flexible form of supplier financing, via cloud-based invoice, payment, and dynamic discounting solutions. Taulia enables corporations to become more profitable through automating invoicing and payment processes and maximizing supplier discounts, all while providing vital affordable financing for small businesses.