Paddle, a London, England-based provider of complete payment infrastructure for SaaS companies, announced that it raised $200 million in Series D at a valuation of $1.4 billion, making it the UK's latest unicorn.
The round was led by KKR, a leading global investment firm, with participation from existing investors FTV Capital, 83North, Notion Capital, Kindred Capital, and debt financing from Silicon Valley Bank, the investment brings the total Paddle has raised to date to $293 million.
This investment will help Paddle to strengthen the growth of the Paddle platform and to meet the market opportunity that exists for a complete payment infrastructure provider for software companies globally.
Company: Paddle.com Market Ltd.
Round: Series D
Funding Month: May 2022
Lead Investors: KKR
Additional Investors: FTV Capital, 83North, Notion Capital, Kindred Capital, and debt financing from Silicon Valley Bank
Company Website: https://www.paddle.com/
Software Category: Payment infrastructure
About the Company: Paddle offers SaaS companies a completely different approach to their payments infrastructure. Instead of assembling and maintaining a complex stack of payments-related apps and services, we’re a merchant of record for our customers, taking away 100% of the pain of payment fragmentation. It’s faster, safer, simpler, and above all, way better. Paddle helps SaaS companies grow faster with fewer distractions. Paddle has 275 employees serving over 3,000 software sellers in 245 countries and territories globally. Paddle's complete payments infrastructure is used by over 3,000 software companies in more than 200 markets worldwide. Paddle’s mission is to help SaaS companies navigate the revenue journey at every stage.