On November 17, 2020, London-based Paddle, a revenue delivery platform for B2B Software-as-a-Service (SaaS) companies, announced that it has raised $68 million in Series C funding. The round was led by FTV Capital, with participation from Kindred Capital, Notion Capital, and 83 North.

Paddle’s revenue delivery platform was built to remove friction for B2B SaaS companies, empowering them to increase net dollar retention by responding faster to growth opportunities. A single unified system, Paddle integrates checkout, payment, subscription management, and financial compliance, meaning sellers on the platform can activate new business models instantly, enter new markets, turn on new offerings with one click, and enable friction-free renewals. The platform empowers CEOs to make informed business decisions quickly and confidently, and frees up teams to focus on the core business. Paddle has recorded average annual revenue growth of more than 175 percent over the last four years, and has doubled revenue growth in the last year. The company intends to use the funds for continued expansion in the U.S. and globally, as well as further investments in its product, engineering, sales, and marketing teams.

The Wilson Sonsini team that represented Paddle in the transaction includes Michael Labriola, Diviya Padman, and Betty Rosenbaum. Additionally, the firm collaborated with Taylor Wessing's Josef Fuss, Elinor Picton, and Katie Lewis for English law support.

For more information, please see Paddle’s announcement.