Taulia, a California-headquartered supply chain financing company, has raised another $20m in funding.
The company is looking to round off the year by raising up to $33.29m according to a filing with the Securities and Exchange Commission.
So far, Taulia has received $20m of that total however; it is unclear from the Form D filing where the capital has come from.
There has been no public comment from the startup, which provides businesses with payment, eInvoice and invoice discounting solutions, and there is no indication to what the funding will be used for.
It has been a relatively quiet year for the company following an active 2016 and 2015. In January last year, Taulia closed a $46m Series E financing round, which was led by Zouk Capital.
Having previously led Taulia’s $15m Series D round in January 2015, Zouk joined a host of investors in the business including BBVA Ventures, EBD Ventures, Questmark Partners, Lakestar, DAG Ventures, Matrix Ventures, and Trinity Ventures, among others.
Following the new $20m financing, the company has raised more than $156m since founding in 2009.
Taulia also struck a partnership with Exostar, a service provider of the aerospace and defense, life sciences and health care sectors, last year.
Under the terms of the partnership, more than 100,000-plus companies using Exostar services have access to Taulia’s supply chain and eInvoice finance offerings.
Last year, Finnish invoicing startup Zervant raised €4m ($4.5m) in a Series A round, while Swedish invoicing business Billogram collected $1.18m in a venture funding round.
Back in June, AvidXchange, which provides accounts payable and on-demand invoice management solutions, raised $300m from Peter Thiel, Caisse de Depot et Placement du Quebec and Temasek Holdings, making it the largest deal for an invoicing business in the last 12 months.
Copyright © 2017 FINTECH GLOBAL