Invoicing and cash flow management platform Tradeshift pulled in $75 million of new funding this week, bringing the total to north of $200 million since its 2010 launch.

According to the Wall Street Journal, Tradeshift’s valuation now stands at $500 million.

Data Collective led the round; additional contributors include HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund, and Pavilion Capital. Data Collective’s co-managing partner and co-founder Matt Ocko will join Tradeshift’s board. The San Francisco-based company will use the funds to “serve a wider range of global customers” by increasing user adoption by boosting growth of sales, product, and engineering operations.

Tradeshift is an open network that connects buyers and suppliers on a single platform to manage business processes. The company offers Tradeshift Buy for cloud-based procurement, Tradeshift Pay for accounts payable automation, and Tradeshift Risk for a lifecycle management solution. At FinovateEurope 2012, CEO Christian Lanng, co-founder, debuted Tradeshift Instant Payments, a solution that enables businesses to receive payments in real time for invoices.

In the past year, Tradeshift has seen 4X growth in supplier accounts, having added Fortune 1000 clients including Zurich Insurance Group, LinkedIn and SUEZ, one of the world’s largest fashion retailers. The company has also increased its focus on small- to medium-sized businesses, bringing its total user base to 800,000 end users; the number of businesses it serves is undisclosed.

Tradeshift saw 2.5X YOY growth in transacted value on its platform, which processes billions of dollars per month in supply-chain transactions in 190 countries. The company anticipates it will make $50 million in annual revenue this year.