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Total amount raised
$400M+
Latest funding date
2025-09-22
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.
Tide, the UK-based digital business banking and financial management platform, has raised over $400 million across multiple funding rounds from seed to private equity, backed by investors including TPG (The Rise Fund), Apax Digital Funds, Augmentum Fintech, SBI Group, Anthemis Group, Creandum, LocalGlobe, and Passion Capital. The company achieved unicorn status in September 2025 at a $1.5 billion valuation.
Keep reading to explore Tide's complete fundraising history and the key investors powering its growth.
What Is Tide?
Tide is a UK-based digital business banking and financial management platform founded in 2017 by George Bevis and headquartered in London. It offers SMEs and sole traders a full suite of business financial services including business bank accounts, invoicing, accounting integrations, payroll, and credit products. Tide has grown to serve over 1.6 million members and operates in the UK, India, Germany, and France, with India now its largest market by member count.
How Much Funding Has Tide Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: July 2016
- Lead Investors: Passion Capital, LocalGlobe
- Other Investors: Alex Chesterman, Errol Damelin, Greg Marsh, Ian Hogarth, William Reeve, Jason Goodman
- Series A
- Amount Raised: USD 14,000,000
- Date: July 2017
- Lead Investors: Anthemis Group, Creandum
- Other Investors: Passion Capital, LocalGlobe
- Convertible Note (Bridge)
- Amount Raised: USD 10,200,000 (approx. £8M)
- Date: August 2018
- Lead Investors: Augmentum Fintech
- Other Investors: Anthemis Group, Speedinvest, Goodwater Capital
- Grant – Capability and Innovation Fund (Pool A)
- Amount Raised: Part of £60M awarded to ClearBank/Tide partnership
- Date: February 2019
- Grantor: Banking Competition Remedies Ltd / UK Government (RBS Alternative Remedies Package)
- Series B
- Amount Raised: GBP 44,100,000 (approx. USD 54,400,000)
- Date: October 2019
- Lead Investors: SBI Group, Augmentum Fintech
- Other Investors: Rabo Frontier Ventures
- Grant – Capability and Innovation Fund (Pool D)
- Amount Raised: Undisclosed
- Date: September 2020
- Grantor: Capability and Innovation Fund / UK Government
- Series C
- Amount Raised: USD 100,000,000
- Date: July 2021
- Lead Investors: Apax Digital Funds
- Other Investors: Anthemis Group, Augmentum Fintech, LocalGlobe/Latitude, SBI, Speedinvest, Jigsaw
- Post-Money Valuation: USD 650,000,000
- Debt Financing
- Amount Raised: GBP 100,000,000 (approx. USD 134,000,000 at time of announcement)
- Date: May 2025
- Lender: Fasanara Capital
- Purpose: Securitisation facility to fund Tide Credit Flex working capital loans for UK SMEs
- Private Equity Round
- Amount Raised: USD 120,000,000
- Date: September 22, 2025
- Lead Investors: TPG (via The Rise Fund)
- Other Investors: Apax Digital Funds (existing investor)
- Post-Money Valuation: USD 1,500,000,000 (unicorn status)
Total Amount Raised: At least $400M based on disclosed funding (including equity rounds, debt financing, and government grants across all rounds).
Key Investors
- TPG (The Rise Fund)
- Details: TPG is a leading global alternative asset management firm. Its multi-sector impact investing platform, The Rise Fund, led Tide's $120M private equity round in September 2025, which valued Tide at $1.5 billion and marked the company's entry into the unicorn club.
- Apax Digital Funds
- Details: The growth equity arm of Apax Partners, a global private equity firm. Apax led Tide's $100M Series C round in July 2021 at a $650M valuation and also participated in the 2025 private equity round as an existing investor.
- Augmentum Fintech
- Details: A UK-listed specialist fintech investment company that has been a long-term backer of Tide, participating in the 2018 convertible note round, co-leading the 2019 Series B alongside SBI Group, and participating in the 2021 Series C.
- SBI Group
- Details: Japanese financial services conglomerate SBI co-led Tide's 2019 Series B round alongside Augmentum Fintech and also participated in the 2021 Series C.
- Anthemis Group
- Details: A specialist fintech investment and advisory firm that led Tide's 2017 Series A round and also participated in the 2018 bridge round and 2021 Series C.
- Fasanara Capital
- Details: A London-based alternative asset manager that provided Tide with a £100M securitisation debt facility in May 2025 to support Tide's Credit Flex working capital product for UK SMEs.
- Creandum
- Details: A Scandinavian venture capital firm focused on early-stage tech companies. Creandum co-led Tide's Series A in 2017 alongside Anthemis Group.
- LocalGlobe
- Details: A UK seed-stage venture capital fund that backed Tide from the very beginning, co-leading the 2016 seed round alongside Passion Capital, and participating in the 2017 Series A and 2021 Series C.
What's Next for Tide?
Tide is deploying its $120M raise to accelerate international expansion across India, Germany, and France, while investing heavily in agentic AI to automate financial admin for small businesses. With unicorn status secured and over 1.6 million members, Tide is positioning itself as the global financial hub for SMEs.
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