Total amount raised
$195.2 Million
Latest funding date
8/1/2024
Location
Tide has raised funding over 12 rounds, with the most recent being a Private Equity round. The platform is backed by 25 investors, including The Rise Fund and Apax Digital.
Keep reading to explore the intricacies of Tide's fundraising journey and the investors backing this innovative platform.
What Is Tide?
Tide is a business management platform based in London, England, that supports small and medium-sized enterprises (SMEs) with banking, invoicing, accounting, and other administrative tasks. The company operates in the financial services and fintech sectors, offering a range of business tools and credit options.
With a substantial employee base of 1001-5000, Tide serves over 1.5 million contractors, freelancers, and scaling businesses worldwide. The platform emphasizes ease of use, quick account setup, and comprehensive support for business owners.
How Much Funding Has Tide Raised?
- Private Equity Round
- Amount Raised: USD 120,000,000
- Date: September 2025
- Lead Investors: The Rise Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Tide's growth and expansion in the business management platform sector.
- Secondary Market Round
- Date: September 2025
- Lead Investors: The Rise Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders and support strategic growth initiatives.
- Debt Financing Round
- Amount Raised: GBP 100,000,000
- Date: May 2025
- Lead Investors: Fasanara Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen Tide's financial position and support its lending capabilities.
- Secondary Market Round
- Date: August 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Series C Round
- Amount Raised: USD 100,000,000
- Date: July 2021
- Lead Investors: Apax Digital
- Valuation at Round: Over $650 million
- Motivation Behind the Round: To continue developing Tide's business financial platform, grow market share, and expand globally.
- Non-Equity Assistance Round
- Date: April 2021
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for scaling the business.
- Series B Round
- Amount Raised: GBP 44,100,000
- Date: October 2019
- Lead Investors: Augmentum Fintech, SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market presence.
- Convertible Note Round
- Amount Raised: USD 8,000,000
- Date: December 2018
- Lead Investors: Augmentum Fintech, Goodwater Capital, Speedinvest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and enhance product offerings.
- Convertible Note Round
- Amount Raised: USD 10,500,000
- Date: August 2018
- Lead Investors: Augmentum Fintech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund product development and market expansion.
- Series Unknown Round
- Date: January 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
Tide has raised a total of USD 120,000,000 in funding. The current valuation is over $650 million.
Key Investors
- The Rise Fund
- Details: The Rise Fund is a global impact investing fund managed by TPG. It focuses on achieving social and environmental impact alongside competitive financial returns.
- Investment Focus Areas: Social impact, environmental impact, education.
- Notable Investments: EverFi, DreamBox Learning, Solar Mosaic.
- Apax Digital
- Details: Apax Digital is the growth equity team of Apax Partners, investing in high-growth technology and internet companies.
- Investment Focus Areas: Technology, internet companies, digital sectors.
- Notable Investments: Signavio, Paycor, Wizeline.
- Anthemis
- Details: Anthemis is a venture investment platform that focuses on cultivating change in the financial system by investing in fintech and insurtech companies.
- Investment Focus Areas: Financial services, fintech, insurance technology.
- Notable Investments: Betterment, eToro, Trov.
- Augmentum Fintech
- Details: Augmentum Fintech is a leading European fintech venture capital firm that invests in fast-growing fintech companies.
- Investment Focus Areas: Fintech, financial services, technology.
- Notable Investments: Interactive Investor, Zopa, Seedrs.
- SpeedInvest
- Details: SpeedInvest is a European venture capital fund that invests in early-stage technology startups.
- Investment Focus Areas: Early-stage technology, fintech, digital health.
- Notable Investments: Wefox, Bitpanda, TIER Mobility.
What's Next for Tide?
Tide's future looks promising with significant opportunities on the horizon. The company is poised to expand its market share and launch its platform in India, tapping into a vast market of small and medium-sized enterprises (SMEs). This international expansion, coupled with the development of their business financial platform, presents a substantial growth opportunity.
Future fundraising rounds are likely as Tide continues to attract investor interest, driven by its successful Series C funding and oversubscription. The company may also explore strategic acquisitions to enhance its platform and services, further solidifying its market position.
However, Tide will face challenges such as navigating regulatory approvals and competing with other fintech companies. Managing rapid growth and scaling operations effectively will be crucial as the company expands globally. Despite these hurdles, Tide's strategic plans and strong investor backing position it well for continued success.
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