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New Deal


Announced

Completed

Insight Partners and Tiger Global led a $250m Series D funding round in Papaya Global.

Financials

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Transaction Value£181m
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

Venture Capital

Online and Social Platforms

management platform

United States

Domestic

Private Equity

Acquisition

Minority

Friendly

Synopsis

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Private equity firms Insight Partners and Tiger Global led a $250m Series D funding round in Papaya Global, a workforce management platform. Additional investors include Greenoaks Capital, IVP, Scale Venture Partners, Bessemer Venture Partners, Alkeon Capital, Workday Ventures, Access Industries and Group 11. “Papaya is redefining the global people management category with its best-in-field technology and superior customer experience, supporting needs in compliance, benefits and labor law globally. Its seamless platform supporting all employment options, employee engagement, payroll and global payments makes it a standout. We’re thrilled to continue our partnership with Papaya and watch the company grow," Teddi Wardi, Insight Partners Managing Director.

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