Paddle Raises $200N in Series D Funding

Paddle, a London, UK-based supplier of a whole funds infrastructure for SaaS corporations, raised $200m in Series D fairness and debt financing at a valuation of $1.4bn.

The spherical, which brings the entire raised up to now to $293m, was led by KKR, with participation from current buyers FTV Capital, 83North, Notion Capital, Kindred Capital, and debt financing from Silicon Valley Bank.

The firm intends to make use of the funds to strengthen the expansion of its platform and develop its enterprise attain.

Led by Christian Owens, CEO, Paddle gives SaaS corporations with a funds infrastructure platform which integrates checkout, cost, subscription administration, invoicing, worldwide taxes and monetary compliance processes.

The funds infrastructure is utilized by over 3,000 software program corporations in greater than 200 markets worldwide.

The firm has a staff of 275 throughout workplaces in London and New York, with extra hires anticipated to match its acceleration as a enterprise.



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