Paddle secures $68m in its Series C round to support growth efforts

Paddle, a B2B SaaS platform, has closed its Series C round on $68m to continue its growth momentum.

The investment was supported by FTV Capital, Kindred Capital, Notion Capital and 83 North.

Paddle offers an all-in-one revenue delivery platform that supports acquisition, renewals, and expansion of companies.

Services available include managed payments, checkout, compliance, data management and more.

Its revenue delivery platform is designed to remove friction for B2B SaaS companies, empowering them to increase their net dollar retention by responding faster to growth opportunities.

Over the past four years, the company has seen an average annual revenue growth of more than 175%. It has doubled in the last year alone, it claims.

In a blog post from Paddle CEO Christian Owens said, “We created Paddle because we’ve seen first-hand the things that limit the growth of a SaaS company often have very little to do with the quality of your product. Dealing with payments, managing subscriptions, localizing checkouts in multiple languages, and handling tax and compliance across dozens of markets is hugely complex and each of these challenges makes it harder for businesses to scale quickly.”

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