Invoice management company, Taulia, raised $40 million over the last six months, and brought in even more cash yesterday. The new, $15 million installment, which has been added to its previously-closed Series D round, comes from Zouk Capital.
Since launching in 2009, the San Francisco-based company acquired BillFLO in 2011 and has raised a total of $91 million. It operates primarily in North America and Europe and the new funds will be used to fuel international expansion.
The growing funding mirrors the company’s rising success. Over the past year, Taulia has doubled the number of employees to 200. Additionally, its network of suppliers has grown by 186%.
At the start of 2015, Tauila brought Rik Thorbecke on board as CFO. In the remainder of the year, the company plans to bolster R&D efforts and expand its enhanced financing options for buyers.