Susquehanna Growth Equity has returned to back the Citi and PNG-backed accounting software provider’s latest round, which was raised at a $3.1bn valuation.

US-based enterprise accounting technology developer HighRadius secured $300m in series C funding from investors including Susquehanna Growth Equity (SGE), an investment vehicle for technology and trading firm Susquehanna International Group.

D1 Capital Partners and Tiger Global Management co-led the round, which also featured fellow investment firm Iconiq Capital’s Iconiq Growth unit as well as private backers Tooey Courtemanche, Howie Liu, Michael Scarpelli and Frank Slootman. The deal valued the company at $3.1bn.

Founded in 2006, HighRadius has built an artificial…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.