Total amount raised
$475 Millions
Latest funding date
3/1/2021
Location
HighRadius has successfully raised significant funding through multiple rounds, including a Series C round. The company specializes in AI-based order-to-cash and treasury management software.
Keep reading to explore the intricacies of HighRadius's fundraising journey and the investors backing this innovative platform.
What Is HighRadius?
HighRadius, founded in 2006 by Sashi Narahari, is headquartered in Houston, Texas. The company specializes in AI-based order-to-cash and treasury management software.
HighRadius offers cloud-based Autonomous Software for the Office of the CFO, providing solutions for various financial processes. Their products are particularly beneficial for industries like consumer products, manufacturing, and distribution.
With a workforce of 1001-5000 employees, HighRadius continues to innovate and expand its offerings, helping businesses streamline their financial operations.
How Much Funding Has HighRadius Raised?
- Series A
- Amount Raised: $50M
- Date: September 2017
- Lead Investors: Susquehanna Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial scaling and product development efforts.
- Series A (Additional)
- Amount Raised: Not publicly disclosed
- Date: February 2018
- Lead Investors: Citi Ventures, PNC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand product offerings and market reach.
- Series B
- Amount Raised: $125M
- Date: January 2020
- Lead Investors: ICONIQ Growth
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To scale operations and further develop AI-powered solutions.
- Series C
- Amount Raised: $300M
- Date: March 2021
- Lead Investors: D1 Capital Partners, Tiger Global Management
- Valuation at Round: $3.1 billion
- Motivation Behind the Round: To fuel product innovation and expand global market reach.
Total Amount Raised: $475M. Current Valuation: $3.1 billion.
Key Investors
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm that operates across public and private markets. Founded in 2018 by Daniel Sundheim, the firm has quickly become a significant player in the investment world.
- Investment Focus Areas: Technology, media, telecommunications, consumer, healthcare, financial services.
- Notable Investments: SpaceX, Stripe, Robinhood.
- Tiger Global Management
- Details: Tiger Global Management is a leading global technology investment firm with over $60 billion under management. Founded in 2001, the firm focuses on private and public companies in the internet, software, and financial technology sectors.
- Investment Focus Areas: Internet, software, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify, ByteDance.
- ICONIQ Growth
- Details: ICONIQ Growth is the direct investment arm of ICONIQ Capital, focusing on growth-stage technology companies. The firm partners with exceptional entrepreneurs to build market-leading companies.
- Investment Focus Areas: Technology, software, internet companies.
- Notable Investments: Snowflake, Uber, Zoom.
- Susquehanna Growth Equity
- Details: Susquehanna Growth Equity is a private equity and venture capital firm that invests in growth-stage technology and financial services companies. The firm is known for its strategic investments and hands-on approach.
- Investment Focus Areas: Software, internet, information services, financial technology.
- Notable Investments: Credit Karma, Payoneer, iCIMS.
- Frank Slootman
- Details: Frank Slootman is the Chairman and CEO of Snowflake, a cloud-based data-warehousing company. He is a seasoned executive with a track record of leading successful technology companies.
- Investment Focus Areas: Cloud computing, data warehousing.
- Notable Investments: Snowflake.
What's Next for HighRadius?
HighRadius stands at the cusp of significant growth opportunities, driven by the increasing adoption of AI in financial processes. With a fresh $300 million in Series C funding, the company is poised to expand its product innovation and global market reach. The potential to transform the Office of the CFO through digital solutions is vast, especially as more companies seek to automate labor-intensive tasks and optimize working capital.
Future fundraising opportunities seem promising, given HighRadius's strong market position and the growing interest from high-profile investors. As the company continues to innovate and expand, additional investment rounds could further fuel its growth. However, challenges such as competition from other fintech firms and the need to keep pace with rapid technological advancements remain. Ensuring data security and compliance with financial regulations will also be critical as HighRadius scales its operations globally.
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