The funding round was led by NPIF, Maven Equity Finance with support from the Future Fund and Charles Sharland.
"Since bringing our product to market, we’ve seen an incredible demand for our services that has only accelerated, despite the current economic climate."
Anthemis led the seed round with backing from QED Investors and Seedcamp.
"Weavr’s solution provided us with the platform to accelerate our route to market. We were faced with developing multiple integrations across many third-party stakeholders. Working with Weavr removed the need to carry out a long and complex build and meant we could take advantage of favourable market forces that we may have otherwise missed."
The revenue delivery platform has secured £52m in a Series C round led by FTV Capital to fuel global expansion.
"We are witnessing a systemic shift within software, with the ‘growth at any cost’ mindset gradually being replaced by a realisation that businesses must scale more efficiently and with clearer purpose. We’ve been extremely impressed with Christian and Harrison’s ambition and Paddle’s growth to date and we believe they are defining a new category with Paddle’s Revenue Delivery Platform — one that will be critical to helping companies adapt to change while empowering them to take advantage of the huge acceleration in demand for digital products. With more than two decades investing in the SaaS and payments sectors, FTV will bring the best of our domain expertise to accelerate Paddle’s exciting growth."
International Airlines Group led the syndicate backing the aviation software provider alongside Shell, World Fuel Services and JetBlue Technology Ventures.
"We are thrilled to join a strong consortium of investors to support the growth of i6. The way their proprietary digital solutions enable the end-to-end digitalisation of the aviation fuel supply chain, while solving key friction points, adds tremendous value to their customer base."
Innovate UK awarded the grant through its Sustainable Innovation Fund to back the development of the Talent Support Platform.
"In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy"