Tradeshift

From Wikipedia, the free encyclopedia
Tradeshift
Developer(s) Tradeshift
Operating system Cross-platform
Type Business
License ProprietarySpe
Website tradeshift.com

Tradeshift is a web based business network and also a free invoicing platform[1] founded by Christian Lanng,[2][3][4] Mikkel Hippe Brun[5] and Gert Sylvest.[6][7] The network was launched in May 2010, and used in more than 150 countries by February 2011.[8] The project has gained media attention in online magazines, including Wired[9] and Financial Times.[10] Tradeshift's competitors include Ariba,[11] OB10, Coupa and Maventa.com.[1] In March 2012, the company released an invoice processing product called CloudScan, which aims to make sure buyers don't need to do any invoice handling work.[12] The technology-stream, that Tradeshift is following here, is known as Cloud-Invoicing and guarantees a barrier-free exchange of structured documents.

Background

The founders all have a background from the Danish public sector, where they created the world's first large scale peer-to-peer infrastructure for e-business called Easytrade. This project was nominated for the European e-gov award in 2009.[13] The founders also had leading roles (Governing board member, Technical Director) in the European Commission project PEPPOL, which is aiming to enable cross-border electronic trade inside the European Union.[5]

Team

The Tradeshift project has attracted a range of notable figures such as Morten Lund, who was the Chairman of Tradeshift (now held by CEO Christian Lanng), but still a board member, Jon Bosak, who co-created XML and is on the technical advisory board of Tradeshift, along with Mårten Mickos,[14] Stephan Glaenzer and Klaus Lovgreen as angel investors.

Funding

In May 2011, Tradeshift raised $7 million from Notion Capital.[15][16]

In October 2011, the company raised a funding of $17 million, which made the company up to a total value of $137 million,[17] from ru-Net and Kite Ventures (both of which are Moscow-based investment firms) and Notion Capital.[18]

See also

References

  1. ↑ 1.0 1.1 Mike Butcher, TechCrunch. "Tradeshift shifts up a gear with Instant Payments for businesses." October 11, 2011. Retrieved January 11, 2012.
  2. ↑ ANDREW KEEN, TechCrunch."Keen On… Christian Lanng: Why All Current Business Software Is Crap [TCTV]." March 20, 2012. Retrieved May 7, 2012.
  3. ↑ Shared Services Link. "The CEO briefing: Tradeshift's Christian Lanng talks about e-invoicing interoperability." September 7, 2011. Retrieved May 7, 2012.
  4. ↑ Idea Mensch. "Christian Lanng – Co-Founder and CEO of Tradeshift." Retrieved May 7, 2012.
  5. ↑ 5.0 5.1 Antony Savvas, Computer World UK. "EU e-procurement agency implements TradeShift." December 13, 2011. Retrieved May 7, 2012.
  6. ↑ Paul Corning, ZD Net. "Tradeshift goes social with business apps." April 8, 2011. Retrieved May 7, 2012.
  7. ↑ JASON HESSE, The Kernel Magazine. "INVOICING FOR DUMMIES." MAY 1, 2012. Retrieved May 7, 2012.
  8. ↑ Butcher, Mike (2011-02-17). "Tradeshift lights the touchpaper". TechCrunch. Retrieved 2011-04-05. 
  9. ↑ Roth, Daniel (2010-02-22). "The Future of Money". Wired. Retrieved 2010-03-25. 
  10. ↑ Bradshaw, Tim (2011-05-16). "Tradeshift in $7m fundraising". FT. Retrieved 2011-05-16. 
  11. ↑ Jason Busch, Spend Matters. "TradeShift Introduces CloudScan -- A Shift in E-Invoicing Philosophy as Much as Technology (Part 2)." March 13, 2012. Retrieved March 14, 2012.
  12. ↑ Jason Busch, Spend Matters. "TradeShift Introduces CloudScan -- A Shift in E-Invoicing Philosophy as Much as Technology (Part 1)." March 8, 2012. Retrieved March 13, 2012.
  13. ↑ . "Award Finalists 2009". ePractice. 
  14. ↑ MIKE BUTCHER, TechCrunch. "Tradeshift signs new Angels, tests platform and is courting VCs." April 22, 2010. Retrieved May 9, 2012.
  15. ↑ Steve O'Hear, TechCrunch. "Tradeshift raises $7m for its ‘Skype for invoicing’ and wider B2B play." May 16, 2011. Retrieved January 11, 2011.
  16. ↑ Ciara Byrne, VentureBeat. "[Tradeshift reinvigorates invoicing with $7 million in funding http://venturebeat.com/2011/05/16/tradeshift-reinvigorates-invoicing-with-7-million-in-funding/]." May 16, 2011. Retrieved March 13, 2012.
  17. ↑ Ben Rooney, The Wall Street Journal. "Tradeshift Secures $17 Million Funding." October 25, 2011. Retrieved March 13, 2012.
  18. ↑ Robin Wauters, TechCrunch. "E-invoicing company Tradeshift raises $17 million at $137 million valuation." October 25, 2011. Retrieved December 19, 2011.

External links

This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.