HighRadius raises $300M in Series C, tripling valuation to $3.1B

Friday, April 2, 2021

HighRadius, an AI-Powered Fintech Software-as-a-Service (Saas) company, announced a completed funding round that values the company at $3.1 Billion. The investment was co-led by Tiger Global Management and D1 Capital, with participation from ICONIQ Growth and Susquehanna Growth Equity. HighRadius has raised $475 million in funding with recent funding.

In a corresponding press release, Sashi Narahari, Founder and CEO of HighRadius, said: “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.”

The HighRadius platform automates functions like routing receivables and payment processes using AI and machine learning. HighRadius platforms for order-to-cash and treasury management help more than 600 clients, including more than 200 of the Forbes Global 2000, “optimize their working capital.”

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