Paddle provides a merchant-of-record payments infrastructure designed specifically for SaaS companies. Its platform allows businesses to accept payments, manage subscriptions, handle global tax compliance, and deliver digital products without setting up local entities.
The platform supports recurring billing, checkout, fraud prevention, revenue recognition, and compliance across regions, helping SaaS companies scale internationally with reduced operational complexity.
What Is Paddle and What Does It Do?
Paddle, founded in 2012, is a Corby-based (United Kingdom) payments technology company.
The company develops a SaaS-focused payments and billing platform that enables merchants to accept payments, manage subscriptions, ensure regulatory compliance, and optimize revenue operations globally.
Paddle employs 201-500 employees, supporting product development, compliance operations, enterprise partnerships, and global expansion.
How Much Funding Has Paddle Raised?
1. Series B
- Amount Raised: $25M
- Date: 2018
- Motivation: To scale operations and grow SaaS merchant adoption.
2. Series C
- Amount Raised: $68M
- Date: May 2020
- Motivation: To strengthen global payments infrastructure and compliance services.
3. Series D
- Amount Raised: $162M
- Date: May 2022
- Lead Investors: 83North
- Motivation: To accelerate global expansion and enterprise SaaS penetration.
4. Conventional Debt
- Amount Raised: $25M
- Date: July 2025
- Motivation: To support operational scaling and financial flexibility.
Total Funding Raised: $293 Million
Current Valuation: $1.4 Billion (as of May 2022)
Latest Funding Date: July, 2025
Key Investors
1. 83North
- Details: Global venture capital firm investing in technology companies across Europe and Israel.
- Investment Focus Areas: SaaS, fintech, enterprise software.
- Notable Investments: Paddle, Ebury, Mirakl.
2. SVB (Silicon Valley Bank)
- Details: Financial services provider focused on technology and life sciences companies.
- Investment Focus Areas: Technology, SaaS, fintech.
- Notable Investments: Paddle, Stripe-backed ecosystems, high-growth startups.
Where Is Paddle’s Headquarters?
Paddle is headquartered in Corby, United Kingdom, with operations supporting SaaS businesses across North America, Europe, and other global markets.
What’s Next for Paddle?
Paddle is focused on expanding its merchant-of-record capabilities, strengthening global tax and compliance automation, and deepening enterprise SaaS adoption. With increasing demand for subscription-based software and global monetization tools, Paddle is well positioned to grow alongside the next generation of SaaS companies.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Paddle. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.