Durable Capital Partners led a $150m Series E round in Tipalti.

Private equity firm Durable Capital Partners led a $150m Series E round in Tipalti, a global payables automation solution, with participation from 01 Advisors. "The accounts payable automation space has an extremely large total addressable market with significant growth potential. We believe that Tipalti has the potential to become a much larger company within the Midmarket space due to its differentiated holistic platform, superior global capabilities, and management team. This has resulted in leading retention and customer satisfaction," Henry Ellenbogen, Durable Capital Partners Founder, Managing Partner and Chief Investment Officer.