Tuesday, January 7, 2020

HighRadius Raises $125M In New Funding Round

Houston-based software developer HighRadius said on Tuesday that it has raised $125M in a Series B funding round, which it says gives it unicorn valuation. The company said the funding round was led by ICONIQ Capital, and also included existing investors Susquehanna Growth Equity and Citi Ventures. HighRadius develops software used for cash and treasury management. HighRadius says the new funding will go towards platform development and expansion of the company's geographic reach. The firm says it now has more than 400 clients, including more than 200 of the Forbes Global 2000.