Friday, October 18, 2024
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New York

Papaya Global: Raises $100M in Series C Funding at Over $1 Billion Valuation

  • Papaya Global, a Tel Aviv, Israel-based workforce management platform, raised $100m in Series C funding, bringing the company’s valuation across $1 billion
  • The new investment follows Papaya’s $40m Series B funding announced less than 6 months ago
  • The new round, which brought total funding to $190m, was led by GreenOaks Capital Partners and joined by IVP Ventures and Alkeon, with participation from existing investors
  • The company will  alsouse the new funding to meet the demand for its global workforce management platform and invest in its product, engineering and go-to-market teams
  • The automated, cloud-based SaaS platform also provides an end-to-end solution, from onboarding to on-going management and cross-border payments
  • The platform integrates with all existing HRIS management tools, provides real-time business intelligence, and eliminates errors

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