San Franciso, California-based Taulia Inc bagged USD 18 million for its Series C round. Lakestar, a venture fund owned by German investor Klaus Hommels, initially closed the round with USD 12.5 million. Existing investors Matrix Partners, DAG Ventures, Trinity Ventures and TELUS Ventures also joined the interim closing. Because of the excess market demand, Taulia has scheduled a secondary closing that will bring in USD 5.5 million in capital commitments.
Taulia Chief Executive Officer Bertram Meyer said he is pleased with the investment community's overwhelming response. "Making supplier financing easier and less expensive to acquire will accelerate the recovery of the world economy. Demand for our products has tripled in just a short number of months and this round of capital is in direct response to the growing global opportunity," he explained.
Taulia provides clients with cloud-based payment, invoice and discount management solutions. Their platform enhances profitability of buyers by automating, maximizing discounts for suppliers and generating returns on idle capital. Taulia's platform also helps suppliers by enabling them to predict cash flows.
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