Papaya Global, a workforce management platform transforming global employment, announced today that it has raised USD100 million in a Series C funding, bringing the company’s valuation across USD1 billion
The new investment follows Papaya’s $40 million Series B funding announced less than six months ago.
The new funding round was led by GreenOaks Capital Partners and joined by IVP Ventures and Alkeon Capital, with participation from existing investors Insight Venture Partners, Scale Venture Partners, Bessemer Venture Partners, Dynamic Loop, New Era and Workday Ventures, Access Ventures and Group 11. The new investment brings Papaya’s total funding to USD190 million.
Papaya’s SaaS software unifies all workforce management tasks under one platform – from onboarding through payroll and payments – in over 140 countries. Recently, Papaya launched an HRIS functionality to enhance the employment experience and radically simplify workforce management.
Source: Private Equity Wire
