Tipalti Valuation Hits $8.3B After $270M Round

Global payable solution Tipalti on Wednesday (Dec. 8) announced it closed a Series F fundraising round that brought in $270 million at a valuation of $8.3 billion. It will use the company to speed up its product road maps and customer operations as well as push forward with its global expansion plans. It acquired cloud procurement solutions provider Approve.com and added new offices in London, Toronto and Plano, Texas, earlier this year, and now has 700 employees around the world. In other recent fundraising news, Mexico City-based spend management platform Clara expanded its operations to Brazil as part of raising $70 million in new funding and a $1 billion valuation, eight months after its launch. The funding round was led by Coatue, an investment firm that has backed tech companies including TikTok owner ByteDance, Deel, Ramp, Melio Payments, Mercury Bank, and the cryptocurrency exchange Bitso.