Paddle raises £52m in Series C funding led by FTV Capital to expand internationally.
The revenue delivery platform has secured £52m in a Series C round led by FTV Capital to fuel global expansion.
Paddle provides a complete payments infrastructure and acts as a merchant of record for software companies worldwide. The platform integrates checkout, subscription management, invoicing, and tax compliance processes.
London based software platform Paddle has secured £52m in Series C funding to support its ongoing expansion. The investment round was led by FTV Capital, with additional participation from Kindred Capital, Notion Capital and 83 North.
Founded in 2012, the company provides infrastructure that handles payments, billing and tax compliance for software businesses. The newly raised capital will be deployed to accelerate international growth, particularly in the United States, alongside further development of its product, engineering, sales and marketing operations.
Investor perspective
"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."
Kyle Griswold
partner, FTV Capital
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Invest in sales and marketing
