Following six months in which supplier financing and electronic invoicing startup Taulia raised $40 million, the company has decided to add another $15 million in funding led by Zouk Capital.
The company provides a platform that simplifies the process of tracking invoicing and payments made to suppliers. In addition to automating the process, which in turn lowers costs for buyer, the platform also helps suppliers get paid faster by offering short-term financing for approved invoices.
About six months ago, Taulia announced that it had raised $27 million led by QuestMark Partners, with participation from Trinity Ventures, Matrix Partners, Lakestar, and DAG Ventures. Then, it tacked on another $13 million from strategic investors from EDBI, the corporate investment arm of Singapore’s Economic Development Board, and BBVA Ventures, which is the corporate venture arm of Spain’s BBVA Group.
The additional $15 million comes after Taulia hired new CFO Rik Thorbecke, and as it reached some important milestones in 2014. The company reached $75 billion in short-term financing provided to suppliers, as its network of suppliers grew 186 percent.
Taulia has also grown to more than 200 employees, which is double its headcount from a year ago. The company will be using the new funding (again) to continue its international expansion plans.