Taulia, a US-based financial supply chain technology provider backed by telecoms firm Telus, has raised $46m in a series E round led by private equity fund Zouk Capital.
The round included undisclosed new strategic investors and institutional investors which invested alongside all Taulia’s existing backers. Zouk invested $15m in Taulia in January 2015 but a regulatory filing indicates that funding is unlikely to form part of the series E round.
Founded in 2009, Taulia’s cloud-based software combines e-invoicing, supplier management and supplier financing to help businesses to conduct transactions more efficiently. Suppliers can opt to be paid early for their goods or services in return for a discount.
Cedric Bru, chief executive of Taulia, said: “This additional investment allows Taulia to further accelerate its rapid expansion.
“With the extensive global experience of our investors, we are in the best position to fuel the next stage of Taulia’s explosive growth.”
The company has now raised about $130m in total, including $40m in a 2014 series D round featuring financial services provider BBVA’s strategic investment arm, BBVA Ventures, as well as QuestMark Partners, Trinity Ventures, Matrix Partners, Lakestar, DAG Ventures and Singaporean state-owned EDBI.
Telus was among the investors in a 2013 series C round also including Matrix, Trinity, Lakestar and DAG, in which Taulia raised $18m.