How Much Did Papaya Global Raise? Headquarters, Funding & Key Investors

Papaya Global has raised $1.5 M in a Seed round (June 2016), $3 M in a second Seed round (October 2018), $45 M in Series A (November 2019), $5 M in a Secondary Market round (June 2020), $40 M in Series B (September 2020), $100 M in Series C (March 2021) and $250 M in Series D (September 2021), bringing the total to around $440 M in funding. With a valuation of about $3.7 B as of the Series D, the company is scaling its cloud-based global payroll & payment platform for enterprises.

How Much Did Papaya Global Raise? Funding & Key Investors

Papaya Global, founded in 2016 by Eynat Guez, Ofer Herman and Ruben Drong, is a New York City-based (United States) fintech company with between 201-500 employees as of July 2025. The company provides a cloud-based payroll and payment solution that integrates with HRIS, ERP and benefits systems, enabling businesses to manage global workforces, payroll, contractor payments and compliance across 160+ countries through a subscription model.

What Is Papaya Global and What Does It Do?

Papaya Global, founded in 2016 by Eynat Guez, Ofer Herman and Ruben Drong, is a New York City-based (United States) fintech / HRTech company. It develops and offers a cloud-based platform for payroll and payments that integrates with HRIS, ERP, benefits administration, global workforce management and compliance.

Papaya Global employs between 201-500 people as of July 2025. Its platform is designed to support multinational businesses by automating payroll, managing contractors and employees globally, handling payments and ensuring regulatory compliance across jurisdictions.

How Much Funding Has Papaya Global Raised?

1. Seed Round

Amount Raised: $1.5 M
Date: June 2016
Motivation: To kickstart the company's operations and develop its initial product offerings

2. Seed Round

Amount Raised: $3 M
Date: October 2018
Lead Investors: New Era Ventures
Motivation: To expand the team and enhance the platform’s capabilities.

3. Series A

Amount Raised: $45 M
Date: November 2019
Lead Investors: Insight Partners (with participation from Bessemer Venture Partners)
Motivation: To scale operations and enter new markets.

4. Secondary Market

Amount Raised: $5 M
Date: June 2020
Lead Investors: Group 11
Motivation: To provide liquidity to early investors and employees.

5. Series B

Amount Raised: $40 M
Date: September 2020
Lead Investors: Scale Venture Partners (with participation from Workday Ventures, Access Industries)
Motivation: To accelerate product development and expand global reach.

6. Series C

Amount Raised: $100 M
Date: March 2021
Lead Investors: Greenoaks Capital
Motivation: To support rapid growth and enhance the platform’s features.

7. Series D

Amount Raised: $250 M
Date: September 2021
Lead Investors: Insight Partners, Tiger Global Management
Motivation: To fuel growth and expand the client base globally.

Total Funding Raised: $440 Million

Current Valuation: $3.7 Billion (as of Sept 2021)

Latest Funding Date: September 2021

Key Investors

1. Insight Partners

Details: A global private equity and venture capital firm based in New York.
Investment Focus Areas: Technology, software, internet.
Notable Investments: Shopify, Twitter, Qualtrics, Papaya Global.

2. Access Industries

Details: A diversified U.S. private investment firm with long-term holdings.
Investment Focus Areas: Media, technology, telecommunications, fintech.
Notable Investments: Papaya Global among others.

3. IVP (Institutional Venture Partners)

Details: A U.S. later-stage venture capital and growth equity firm.
Investment Focus Areas: Later-stage technology, growth equity.
Notable Investments: Slack, Snap, Dropbox.

4. Greenoaks Capital

Details: A venture capital firm investing in technology companies with high growth potential.
Investment Focus Areas: Technology, consumer.
Notable Investments: Discord, Robinhood, Brex.

5. Tiger Global Management

Details: A global investment firm focusing on private and public companies in internet, software, consumer and fintech industries.
Investment Focus Areas: Internet, software, consumer, financial technology.
Notable Investments: Facebook, LinkedIn, Stripe, Papaya Global.

Where Is Papaya Global’s Headquarters?

Papaya Global is headquartered in New York City, United States. Its location in a major financial and technology hub provides access to enterprise customers, fintech talent, and regulatory expertise. The NYC base supports its mission of offering global payroll and payments solutions, enabling close proximity to global financial networks and cross-border payment infrastructure.

What’s Next for Papaya Global?

Papaya Global plans to scale its global payroll and payments platform further, deepen its Total Workforce offering covering employees and contractors, and accelerate its presence in underserved regions.

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