Paddle’s $200 Million Series D Financing

In UK Wilson Sonsini Goodrich & Rosati, advised on the matter.

Wilson Sonsini Goodrich & Rosati advised Paddle with a team including Daniel Glazer (Picture – Corporate M&A).

Paddle, the provider of a complete payments infrastructure for SaaS companies, announced it had raised $200 million in Series D equity and debt financing at a valuation of $1.4 billion, making it the UK’s latest unicorn. Led by KKR, a leading global investment firm, with participation from existing investors FTV Capital, 83North, Notion Capital, Kindred Capital, and debt financing from Silicon Valley Bank, the investment brings the total Paddle has raised to date to $293 million.

Paddle will use this investment to strengthen the growth of its platform and to meet the market opportunity that exists for a complete payment infrastructure provider for software companies globally, which will assist in enabling them to scale and sell their products faster, with less risk and lower costs.

The Wilson Sonsini team that advised Paddle on the transaction included: Daniel Glazer (Picture), Michael Labriola, Diviya Padman, Betty Rosenbaum, Joshua Gruenspecht, Stephen Heifetz, Jonathan Davey, Nimit Dhir, Anne Seymour and Liam Boylan.

 

Involved fees earner: Liam Boylan – Wilson Sonsini Goodrich & Rosati; Jonathan Davey – Wilson Sonsini Goodrich & Rosati; Nimit Dhir – Wilson Sonsini Goodrich & Rosati; Diviya Padman – Wilson Sonsini Goodrich & Rosati; Daniel Glazer – Wilson Sonsini Goodrich & Rosati; Joshua Gruenspecht – Wilson Sonsini Goodrich & Rosati; Stephen Heifetz – Wilson Sonsini Goodrich & Rosati; Michael Labriola – Wilson Sonsini Goodrich & Rosati; Betty Rosenbaum – Wilson Sonsini Goodrich & Rosati; Anne Seymour – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Paddle;

Author: Giulia Di Palma