Taulia, the market-leading platform for supplier financing, announced today that the company has raised an additional $15 million from the U.K.-based investor Zouk Capital, bringing its total capital raised to $85 million. The latest funding comes on the heels of a record year for Taulia, which saw its revenues triple in 2014.
'We see tremendous growth and potential in the SaaS enterprise space, and particularly in organizations that provide significant value to clients,' says Samer Salty, CEO of Zouk Capital. 'This is the case for Taulia, whose business model and market traction is unprecedented. Taulia is also a great example of a company that delivers clear resource efficiencies -- core to our investment thesis -- and we are excited to help Taulia build on its incredible momentum.'
The additional funding, which comes just four months since Taulia closed its $40 million Series D round, illustrates the ever-increasing demand from enterprises needing to transform complex global supply chains.
'We received an overwhelming amount of interest from investors during the past several months, and believe this additional funding will fuel Taulia's market traction and global presence as we continue to help organizations change the way they pay their small business suppliers,' says Taulia CEO Bertram Meyer. 'We're excited to start a new chapter with such an experienced and innovative partner like Zouk, who will provide a gateway into strategic markets in Europe and Asia.'
In another record year, Taulia hit several milestones. The company:
Crossed the threshold of $75 billion in affordable financing provided to small businesses
As its supplier network grew 186%, spend under management on the Taulia platform more than doubled
Taulia employees more than doubled to more than 200, as the company opened offices in Austin, Texas and Sofia, Bulgaria
Successfully launched several market-leading products, among them Taulia Enhanced Discounting and Taulia Analytics
Further expanded industry presence among Global 2000 clients in healthcare, energy, manufacturing, oil and gas, retail, auto manufacturing, and technology companies
Maintained 100% customer retention rate
'From the beginning, Taulia's vision has been to fundamentally change how businesses partner with each other,' says Meyer. 'We're excited that customers, investors, and now governments are recognizing the importance of optimizing supply chains, and we're looking forward to building on our momentum in 2015 with a great new partner in Zouk.'
Throughout the year, Taulia has been closely involved with the White House's SupplierPay pledge, which encourages large corporations to pay their suppliers early; Taulia has also advised governments across Europe on similar initiatives.
Last week, Taulia announced the hire of its Chief Financial Officer, Rik Thorbecke, a decorated Silicon Valley executive with significant experience leading startups into major global enterprises.
In addition, Taulia was recognized with several awards throughout the year. Taulia was selected as one of the 2014 Best Places to Work in the Bay Area for the second consecutive year, was named one of the 2014 San Francisco Bay Area's Best And Brightest Companies To Work For®, became an Oracle Gold Partner, and was named by AlwaysOn to the 2014 OnDemand 50 Companies to Watch list.
About Taulia
Taulia is the fastest growing SaaS platform and network for Supplier Financing, e-Invoicing and Supplier Portals. Through turning every invoice into a revenue opportunity, Taulia enables organizations to strengthen supplier relationships while adding millions to the bottom line. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark, and many other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco with offices in London, England; Düsseldorf, Germany; Sofia, Bulgaria; Austin, Texas; and Park City, Utah. For more information, visit www.taulia.com.
About Zouk Capital LLP
Zouk Capital is a private equity and infrastructure fund manager investing in the clean economy. Zouk's distinctive dual-track strategy of Growth Capital and Infrastructure capitalises on the investment opportunities created by the global shift to greater resource efficiency. Zouk's Growth Capital funds invest in companies that enable a more intelligent use of resources across sectors such as IT and communications management, industrial goods and services, energy and transport and logistics. The Infrastructure investment funds finance the construction of new high-yielding assets, by acquiring, developing and funding infrastructure projects during the late-stage of development and investing across a broad range of renewable energy and environmental sectors, including distributed energy, energy efficiency, storage, waste to energy and geothermal. Zouk has invested in the clean economy since 2000 and is one of the largest fund managers of its strategy in Europe. Zouk has EUR600m under management and offices in London and Singapore. www.zouk.com.