Monday 18th January, 2016

Taulia has announced that it raised $46 million in Series E financing, led by London-based Zouk Capital. New strategic investors and institutional investors joined the round, which included all existing institutional investors.

"This additional investment allows Taulia to further accelerate its rapid expansion," said Cedric Bru, CEO of Taulia. "With the extensive global experience of our investors, we are in the best position to fuel the next stage of Taulia's explosive growth."

The funding follows another record year for Taulia, which continues to grow its top-line by more than 100 percent. The latest round brings Taulia's total funding to over $130 million.

"The global demand for Taulia's platform is increasing exponentially. After watching Taulia translate its previous funding into significant new business and revenue, the decision to lead this round was a natural one for Zouk," said Samer Salty, CEO of Zouk Capital.

"In addition, Taulia's use of technology to streamline and strengthen the financial supply chain is a clear match with our investment philosophy of backing high growth companies that use technology to create efficiency."

Taulia has also announced that John Varughese has joined the company as CFO. In this role, Varughese will oversee all finance, legal and HR operations and will report directly to CEO Cedric Bru.

"John's proven strategic leadership and significant entrepreneurial expertise are the right combination to help us capture the tremendous market opportunities facing Taulia. He has helped some of the biggest names in Silicon Valley succeed, and we can't wait to put his skills to work as an integral part of our leadership team." said Bru.