Fintech unicorn HighRadius raises $300M in Series C financing

Fintech unicorn HighRadius raises $300M in Series C financing

After reaching unicorn status last year, Houston-based fintech firm HighRadius raised $300 million in a Series C financing round, the company announced March 30.

The $300 million investment was led by D1 Capital Partners LP and Tiger Global Management LLC. Existing investors ICONIQ Growth and Susquehanna Growth Equity also participated in the investment. The financing round also saw participation from notable tech industry leaders, including Frank Slootman, chairman and CEO of Snowflake (NYSE: SNOW); Michael Scarpelli, CFO of Snowflake; Tooey Courtemanche, CEO of Procore Technologies; and Howie Liu, co-founder and CEO of Airtable.

HighRadius, which develops artificial intelligence-powered treasury management software, reached a valuation of $3.1 billion in connection with the Series C capital raise, the company said.

“Our goal has always been to build a long-lasting business that outlasts all of us,” said Sashi Narahari, founder and CEO of HighRadius. “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.”

HighRadius plans to use the new capital to fuel product innovation and expand its market reach.

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Source: Fintech unicorn HighRadius raises $300M in Series C financing – Houston Business Journal