Taulia, a US-based developer of cloud-based payment software, has closed a $27m series D round at a valuation of about $200m, the Wall Street Journal reported today.
The company, which counts telecommunications company Telus as a past investor, raised the money from QuestMark Partners, which led the round, Trinity Ventures, Matrix Partners, Lakestar and DAG Ventures.
Founded in 2009, Taulia provides cloud-based invoicing technology to companies eager to cut the amount of time it takes to pay suppliers. Those suppliers can take the option to secure accelerated payment through Taulia in return for a 10% fee that Taulia splits with its corporate clients.
The company raised $18m in 2013 from Telus, Matrix, Trinity, Lakestar and DAG, and $17.7m across three rounds from 2010 to 2012.