On May 10, 2022, 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. Wilson Sonsini Goodrich & Rosati advised Paddle on the transaction, in collaboration with Taylor Wessing.  

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 includes:

Corporate
Daniel Glazer
Michael Labriola
Diviya Padman
Betty Rosenbaum

National Security
Joshua Gruenspecht
Stephen Heifetz
Jonathan Davey
Nimit Dhir
Anne Seymour

Antitrust
Liam Boylan

For more information please see Paddle’s press release, or blog post.