Paddle, a London, UK-based Revenue Delivery Platform for B2B Software-as-a-Service (SaaS) companies, raised $68m (£52m) in Series C funding.
The round, which brought the total funding raised to date to $93m (£72m), was led by FTV Capital, with participation from Kindred Capital, Notion Capital and 83 North.
The company intends to use the funds for continued expansion in the US and globally, as well as further investments in its product, engineering, sales and marketing teams.
Founded in 2012 by British co-founders Christian Owens and Harrison Rose, Paddle provides a complete solution for software companies to sell their products. Its Revenue Delivery Platform today serves over 2,000 software companies in 245 countries and territories globally, enabling them to respond to every growth opportunity across customer acquisition, renewals and expansion. A single unified system, Paddle integrates checkout, payment, subscription management, and financial compliance; meaning sellers on the platform can activate new business models instantly, enter new markets, turn on new offerings with one-click, and enable friction-free renewals.
The company’s team currently has 140 employees.
FinSMEs
17/11/2020