Business commerce platform Tradeshift is in the process of raising $200 million at a unicorn valuation, PitchBook has learned.
Tradeshift CEO Christian Lanng declined to comment on the news.
The San Francisco-based company raised a $75 million Series D in 2016 at a $600 million valuation. Backers in that round included American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund and Pavilion Capital.
Tradeshift provides a platform that connects buyers and suppliers, to help businesses digitize supply chain relationships and processes. It was founded by Lanng, Mikkel Hippe Brun and Gert Sylvest in 2009. Brun serves as senior vice president of APAC; Sylvest is the SVP of global network strategy.