Online Payment Management Startup Taulia Raises $18 Million

Posted Aug 23, 2013

Taulia is an online invoice and management payment company that has raised $18 million in Series C funding.  This round of funding was led by German investor Klaus Hommels.  Previous investors that participated in this round include Matrix Partners, Trinity Ventures, TELUS Ventures, and DAG Ventures.

Taulia has raised a total of $36 million thus far.  Taulia helps buying organizations become more profitable through automation and by maximizing supplier discounts.

The company plans on using the funding to expand into Europe, build their sales team, and increase their ERP system R&D.  Taulia has a free service for suppliers and the ability to access all invoice expenditures.

[Source: TechCrunch]