- HighRadius announced recently that it has raised $300 million in a Series C round at a valuation of $3.1 billion. These are the details.
HighRadius — an AI-powered, Order-to-Cash, and Treasury Management software leader — announced recently that it has raised $300 million in a Series C round at a valuation of $3.1 billion. The investment was led by D1 Capital and Tiger Global with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity.
This funding round also included investments from tech industry leaders like Frank Slootman, Chairman and CEO of Snowflake; Michael Scarpelli, CFO of Snowflake; Tooey Courtemanche, CEO of Procore Technologies; and Howie Liu, Co-founder, and CEO of Airtable. And the new funding round will be used to fuel product innovation and expand global go-to-market reach.
The HighRadius AI-powered platforms for Order-to-Cash and Treasury Management help over 600 clients optimize their working capital.
KEY QUOTES:
“We are excited to have D1 Capital Partners and Tiger Global join our existing investors, Susquehanna Growth Equity and ICONIQ Growth. Our goal has always been to build a long-lasting business that outlasts all of us. I look forward to working with such high-quality long-term investors who share a common vision of transforming the Office of the CFO using a combination of Artificial Intelligence built on top of connected finance workspaces and embedded analytics.”
– Sashi Narahari, Founder and CEO of HighRadius
“Our mission at D1 is to back visionary entrepreneurs as they solve large, pressing problems. Offices of the CFO have historically relied on antiquated, analog processes and infrastructure to manage their accounts receivable and treasury functions. HighRadius is a clear leader in driving digital transformation in the Office of the CFO. We have been impressed by Sashi and his team’s long-term focus and look forward to joining the company’s journey.”
– Daniel Sundheim, Founder of D1 Capital Partners
“HighRadius is in the opening innings of defining the next big software market for the Office of the CFO. HighRadius bears all of the signs of being a ‘category defining’ business for Order-to-Cash automation. We are thrilled to join the HighRadius team for the ride.”
– John Curtius, Partner at Tiger Global Management
