Financial supply chain company Taulia has raised $46 million in Series E financing. Zouk Capital led the round, with participation from all existing institutional investors and several new firms. Total funding now tops $130 million.
The funds allow Taulia to expand its footprint, CEO Cedric Bru said.
“This additional investment allows Taulia to further accelerate its rapid expansion. With the extensive global experience of our investors, we are in the best position to fuel the next stage of Taulia’s explosive growth.”
Zouk Capital CEO Samer Salty said Taulia has a track record of doing good things with financing.
“After watching Taulia translate its previous funding into significant new business and revenue, the decision to lead this round was a natural one for Zouk. In addition, Taulia’s use of technology to streamline and strengthen the financial supply chain is a clear match with our investment philosophy of backing high growth companies that use technology to create efficiency.”
Taulia’s platform has processed more than $150 billion in transactions for 700,000 suppliers in more than 100 countries.
Varughese named CFO
Taulia also announced the hiring of John Varughese as Chief Financial Officer. He will oversee all finance, legal and human resources operations and will directly report to Mr. Bru.
“John’s proven strategic leadership and significant entrepreneurial expertise are the right combination to help us capture the tremendous market opportunities facing Taulia. He has helped some of the biggest names in Silicon Valley succeed, and we can’t wait to put his skills to work as an integral part of our leadership team,” Mr. Bru said.
Mr. Varughese joins Taulia from Perella Weinberg Partners, where he built and directed the technology advisory practice and worked with clients such as Google and Oracle. He previously was a Managing Director at Lehman Brothers.