Paddle Raises $200 Million in Series D Funding


Paddle, a London, UK-based provider of a complete payments infrastructure for SaaS companies, raised $200m in Series D equity and debt financing at a valuation of $1.4bn.

The round, which brings the total raised to date to $293m, was led by KKR, with participation from existing investors FTV Capital, 83North, Notion Capital, Kindred Capital, and debt financing from Silicon Valley Bank.

The company intends to use the funds to strengthen the growth of its platform and expand its business reach.

Led by Christian Owens, CEO, Paddle provides SaaS companies with a payments infrastructure platform which integrates checkout, payment, subscription management, invoicing, international taxes and financial compliance processes.

The payments infrastructure is used by over 3,000 software companies in more than 200 markets worldwide.

The company has a team of 275 across offices in London and New York, with more hires expected to match its acceleration as a business.