.avif)
Total amount raised
$318M
Latest funding date
2025-07-17
Location
Paddle has raised over $318 million in funding across multiple rounds backed by investors including KKR, FTV Capital, 83North, Notion Capital, Kindred Capital, BGF Ventures, CIBC Innovation Banking, and Silicon Valley Bank.
What Is Paddle?
Paddle is the leading Merchant of Record (MoR) for digital product companies globally. Founded in 2012 and headquartered in London, Paddle handles payments, sales tax, refunds, fraud, and compliance for more than 6,000 SaaS, AI, and app companies worldwide — replacing the need for a complex and fragmented payment technology stack. With offices in London, Lisbon, Toronto, New York City, and Austin, TX, Paddle employs over 300 people and serves customers in more than 200 countries.
How Much Funding Has Paddle Raised?
- Series A
- Amount Raised: USD 3,200,000
- Date: September 26, 2016
- Lead Investors: BGF Ventures
- Other Investors: Kindred Capital, Spring Partners
- Series B
- Amount Raised: USD 12,500,000
- Date: December 14, 2017
- Lead Investors: Notion Capital
- Other Investors: BGF Ventures, Kindred Capital, MacPaw
- Series B Extension
- Amount Raised: USD 8,000,000
- Date: November 5, 2018
- Lead Investors: Undisclosed
- Other Investors: Notion Capital, BGF Ventures, Kindred Capital (existing investors)
- Series C
- Amount Raised: USD 68,000,000
- Date: November 17, 2020
- Lead Investors: FTV Capital
- Other Investors: Kindred Capital, Notion Capital, 83North
- Series D
- Amount Raised: USD 200,000,000
- Date: May 9, 2022
- Lead Investors: KKR
- Other Investors: FTV Capital, 83North, Notion Capital, Kindred Capital
- Debt Financing (Silicon Valley Bank)
- Amount Raised: Undisclosed
- Date: May 9, 2022
- Lead Investors: Silicon Valley Bank
- Debt Financing
- Amount Raised: USD 25,000,000
- Date: July 17, 2025
- Lead Investors: CIBC Innovation Banking
Total Amount Raised: At least $316,700,000 based on disclosed funding (additional undisclosed debt round from SVB in May 2022 brings the total to approximately $318M per Paddle's own announcement).
Key Investors
- KKR
- Details: KKR is a leading global investment firm managing multiple alternative asset classes, including private equity, infrastructure, and growth equity. KKR led Paddle's $200M Series D in May 2022, which valued Paddle at $1.4 billion (unicorn status).
- FTV Capital
- Details: FTV Capital is a sector-focused growth equity investment firm that has raised over $10.2 billion to invest in high-growth companies in enterprise technology and financial services. FTV Capital led Paddle's $68M Series C in November 2020 and co-invested in the Series D.
- 83North
- Details: 83North is a global venture capital firm with over $1 billion under management, focused on European and Israeli technology companies. 83North participated in Paddle's Series C and Series D rounds.
- Notion Capital
- Details: Notion Capital is a London-based VC firm focused on European SaaS and cloud companies. Notion Capital led Paddle's $12.5M Series B in December 2017 and has participated in every subsequent round through Series D.
- Kindred Capital
- Details: Kindred Capital is an early-stage venture capital firm based in London. Kindred Capital has been a participant in Paddle's funding since the Series A in 2016 through to the Series D in 2022.
- BGF Ventures
- Details: BGF (Business Growth Fund) is a UK-based growth capital investor. BGF Ventures led Paddle's $3.2M Series A in September 2016 and continued to participate through the Series B rounds.
- CIBC Innovation Banking
- Details: CIBC Innovation Banking is the technology and innovation banking division of Canadian Imperial Bank of Commerce. CIBC Innovation Banking led Paddle's $25M debt financing in July 2025, supporting Paddle's continued global expansion and product development.
What's Next for Paddle?
With its latest $25M debt financing in place and a new executive team including a Chief Revenue Officer International, Chief Technology Officer, and Chief Marketing Officer, Paddle is focused on accelerating global growth, expanding its presence in the US market with its new Austin, TX office, and continuing to drive rapid product development for enterprise customers. As the Merchant of Record model gains broader adoption among SaaS and AI companies, Paddle is well-positioned to capitalize on the growing demand for complete payments infrastructure worldwide.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Paddle and thousands of others. Sign up for free today and supercharge your prospecting with real-time funding intelligence.
