How Much Did Papaya Global Raise? Funding & Key Investors

Date
March 31, 2025
Papaya Global

Total amount raised

$444.5 Millions

Latest funding date

Papaya Global

Location

Title

LINKEDIN

https://www.crunchbase.com/organization/papaya-global/financial_details
Use Clay to find other emails
Status
Verified
Use Clay's email finder to get anyone's work email in seconds.

Papaya Global has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The company offers a comprehensive platform for global payroll and payments, simplifying workforce management for businesses worldwide.

Keep reading to explore the intricacies of Papaya Global's fundraising journey and the investors backing this innovative platform.

What Is Papaya Global?

Papaya Global, founded in April 2016, is a fintech company based in New York, New York. The company was established by Eynat Guez, Ofer Herman, and Ruben Drong.

Specializing in global payroll and payment solutions, Papaya Global offers a comprehensive platform that integrates payroll data with HCM and ERP tools. This ensures automation, compliance, and security for businesses managing a global workforce.

With a team of 501-1000 employees, Papaya Global continues to innovate in the realm of workforce management, providing services in over 160 countries.

How Much Funding Has Papaya Global Raised?

  1. Seed Round
    • Amount Raised: $1.5M
    • Date: June 2016
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
  2. Seed Round
    • Amount Raised: $3M
    • Date: October 2018
    • Lead Investors: New Era Ventures
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
  3. Series A
    • Amount Raised: $45M
    • Date: November 2019
    • Lead Investors: Insight Partners
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale operations and enter new markets.
  4. Secondary Market
    • Amount Raised: $5M
    • Date: June 2020
    • Lead Investors: Group 11
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To provide liquidity to early investors and employees.
  5. Series B
    • Amount Raised: $40M
    • Date: September 2020
    • Lead Investors: Scale Venture Partners
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To accelerate product development and expand global reach.
  6. Non-Equity Assistance
    • Amount Raised: -
    • Date: January 2021
    • Lead Investors: Google for Startups
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To leverage Google's resources for growth and innovation.
  7. Series C
    • Amount Raised: $100M
    • Date: March 2021
    • Lead Investors: Greenoaks
    • Valuation at Round: $1.2B
    • Motivation Behind the Round: To support rapid growth and enhance the platform's features.
  8. Series D
    • Amount Raised: $250M
    • Date: September 2021
    • Lead Investors: Insight Partners
    • Valuation at Round: $3.7B
    • Motivation Behind the Round: To fuel growth and expand the client base globally.

Total Amount Raised: $444.5M. Current Valuation: $3.7B.

Key Investors

  • Insight Partners
    • Details: Insight Partners is a global private equity and venture capital firm based in New York. They focus on high-growth technology and software companies.
    • Investment Focus Areas: Technology, software, internet.
    • Notable Investments: Shopify, Twitter, Qualtrics.
  • Tiger Global
    • Details: Tiger Global is an investment firm that focuses on private and public companies in the global internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
    • Investment Focus Areas: Internet, software, consumer, financial technology.
    • Notable Investments: Facebook, LinkedIn, Stripe.
  • Greenoaks Capital
    • Details: Greenoaks Capital is a venture capital firm that invests in technology companies. They have a long-term investment horizon and focus on high-growth potential.
    • Investment Focus Areas: Technology, consumer.
    • Notable Investments: Discord, Robinhood, Brex.
  • IVP (Institutional Venture Partners)
    • Details: IVP is a later-stage venture capital and growth equity firm. They invest in rapidly growing technology companies.
    • Investment Focus Areas: Later-stage technology, growth equity.
    • Notable Investments: Slack, Snap, Dropbox.
  • Workday Ventures
    • Details: Workday Ventures is the strategic investment arm of Workday. They focus on early to growth-stage companies that can complement Workday's products and services.
    • Investment Focus Areas: Enterprise software, technology.
    • Notable Investments: BetterUp, Scout RFP, Zimit.

What's Next for Papaya Global?

With the global shift towards remote work and increasing complexity in compliance requirements, Papaya Global is poised to seize significant opportunities. Operating in over 140 countries, the company is well-positioned to expand its client base and enhance its platform capabilities, particularly with the introduction of their "Total Payroll" offering. The demand for automated, cloud-based payroll solutions is on the rise, providing a vast market for Papaya Global to tap into.

Future fundraising opportunities appear promising, given the company's rapid growth and strong investor confidence. The recent $250 million Series D round, led by Insight Partners and Tiger Global, underscores the potential for further investment to support global expansion and technological advancements. However, challenges such as navigating complex international labor laws and maintaining compliance across multiple jurisdictions remain. As Papaya Global continues to scale, ensuring data privacy and security will be crucial to sustaining its growth trajectory.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Papaya Global and gather other critical business insights.

Sign up for free on Clay and start transforming your sales approach today.

Share Article

Get access to more people and company data using Clay

Leverage the power of 100+ data providers for industry-leading data coverage & quality.

4.9 rating

Try for free

More Articles