KKR Leads Series D in Paddle
Posted on 05/17/2022
On May 10, 2022, KKR led an investment round into Paddle, a provider of a complete payments infrastructure for SaaS companies. KKR’s investment was made through its growth equity fund, Next Generation Technology Growth Fund II. Paddle raised US$ 200 million in a Series D round and debt financing. Other investors in the round include existing investors FTV Capital, 83North, Notion Capital, Kindred Capital, and debt financing from Silicon Valley Bank (SVB Financial Group). Paddle will use this investment to strengthen the growth of its platform and to meet the market opportunity that exists for a complete payment infrastructure provider for software companies globally, which will assist in enabling them to scale and sell their products faster, with less risk and lower costs. Paddle has 275 employees serving over 3,000 software sellers in 245 countries and territories globally.