Singaporean early-stage investor Scentan Ventures has backed businesses connection platform Tradeshift to the tune of $75m through a Series C round.
The weighty funding means Tradeshift has pulled in a total of $112m to date, the latest of which it said would be used to expand to Asia as well as build its US and European links.
It said the funding would jump-start efforts in Japan through a new Tokyo office.
Tradeshift says it connects 500,000 companies across 190 countries to collaborate and deal with each other, with more than ten thousand more joining every month.
Scentan managing director Noriaki Okubo said, “Tradeshift’s approach to solving the problems facing global trade is visionary and inspiring.
“This is just what Scentan Ventures looks for in our partners, and more importantly, is the type of innovation the Japanese market needs.
“The fact that a successful business model in one country cannot simply be replicated in another is a realization too often overlooked and Tradeshift understands this.
“Our partnership brings together Tradeshift’s revolutionary platform and business network with Scentan Ventures extensive experience with global business.”
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