A specialist in providing cloud-based invoice, payment, and dynamic discounting solutions, Taulia announced today that it has raised $18 million from investors, including Klaus Hommels of Zurich-based Lakestar.
Also participating were Matrix Partners, Trinity Ventures, TELUS Ventures, and DAG Ventures.
The capital is designed to help further Taulia’s global expansion. Founded in 2009 and headquartered in San Francisco, Taulia has offices in North America and Europe and its solutions are currently deployed in more than 99 countries.
Taulia’s technology helps purchasing companies become more efficient through automation and discount maximization. At the same time, suppliers benefit from less volatility when it comes to payment. Among the companies using Taulia’s e-invoicing, early payments, and financing options are Coca-Cola Bottling, Hallmark, and John Deere. Taulia CEO Bertram Meyer cited tripling demand over the past few months, saying the company is on pace to grow an additional 300% this year.
Taulia demoed its Early Payment Network technology as part of FinovateSpring 2012. See the company’s presentation here.