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Announced

Completed

D1 Capital and Tiger Global led a $300m Series C funding round in HighRadius.

Financials

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Transaction Value£217m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Domestic

Private

Venture Capital

Minority

Acquisition

Software

application software

United States

Private Equity

Friendly

Synopsis

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D1 Capital, a global investment firm, and Tiger Global, an American investment firm, led a $300m Series C funding round in HighRadius, a fintech enterprise software-as-a-service company. The round was joined by ICONIQ, Susquehanna Growth Equity, Frank Slootman, Michael Scarpelli, Tooey Courtemanche and Howie Liu. “We are excited to have D1 Capital Partners and Tiger Global join our existing investors, Susquehanna Growth Equity and ICONIQ Growth. Our goal has always been to build a long-lasting business that outlasts all of us. I look forward to working with such high-quality long-term investors who share a common vision of transforming the Office of the CFO using a combination of Artificial Intelligence built on top of connected finance workspaces and embedded analytics,” Sashi Narahari, HighRadius Founder and CEO.

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